DoorDash (NYSE: DASH), the largest third-party food delivery company in America, went public at $102 per share last December. Concerns about rising bond yields, inflation, and tough year-over-year comparisons for the so-called "pandemic stocks" sparked that sell-off, which knocked DoorDash's stock back to the $160s and erased most of its post-IPO gains. After all, DoorDash remains the market leader in the U.S., and there's still robust demand for its services among restaurants and diners. Read More...
DoorDash (NYSE: DASH), the largest third-party food delivery company in America, went public at $102 per share last December. Concerns about rising bond yields, inflation, and tough year-over-year comparisons for the so-called “pandemic stocks” sparked that sell-off, which knocked DoorDash’s stock back to the $160s and erased most of its post-IPO gains. After all, DoorDash remains the market leader in the U.S., and there’s still robust demand for its services among restaurants and diners.
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