Michael M Santiago
DoorDash (NYSE:DASH) slumped on Monday as investors continued to show concerns about slowing growth, the impact of higher interest rates on technology valuations and the possible impact of the new US gig worker classification proposal.
shares of DASH were below 4.25% at 2:00 p.m. and earlier in the session marked a fresh all-time low of $41.34. Looking back, the DoorDash IPO was priced at $102 and the stock hit a post-IPO high of $257.25 in November 2021 before gravity kicked in
The Seeking Alpha Quant Rating was switched to Sell back in January to warn investors of a potential stock price collapse. The current SA Quant Rating is Sell after moving up one notch from Strong Sell.
DoorDash (DASH) is expected to report gains on November 3rd. The online grocery delivery company has beaten sales estimates for seven consecutive quarters but missed consensus EPS in five of seven quarters.
Read Seeking Alpha author Reality Check Research’s update on why DoorDash looks like a purchase.
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