Over the next three weeks, DASH stock traveled on a downtrend.
#Dash stock strike review plus
states and Puerto Rico, plus Canada and Australia.Īs I said earlier, after DoorDash stock skyrocketed on its first day of trading, its momentum seemed to slow down. The company estimates that it has a 50% share of the food delivery market in the U.S., well ahead of its rivals like Uber Eats-which is part of Uber Technologies Inc (NYSE: UBER)-and Grubhub Inc (NYSE:GRUB).ĭoorDash’s platform covers all 50 U.S. To serve those customers, more than one million independent couriers, who the company calls “Dashers,” deliver orders through the company’s local logistics platform. Today, DoorDash has more than 18 million customers. In 2013, DoorDash launched its platform, and in October 2019, it completed one million deliveries per day for the first time. The company's growth story has been very, very impressive. (Source: “ Filed Pursuant to Rule 424(b)(4),” DoorDash Inc, December 8, 2020.)
Securities and Exchange Commission (SEC), more than 390,000 merchants were using the company’s platform, including 175 of the 200 largest restaurant brands in the U.S. With dining rooms closed at many restaurants due to the COVID-19 pandemic, DoorDash’s food delivery service has been firing on all cylinders.Īccording to DoorDash’s recent filing to the U.S. DoorDash Inc’s platform allows customers to order food from nearby restaurants and have the food dropped off at their door by a courier within a short period. In other words, on its first day of trading, DoorDash stock enjoyed a gain of 85.8%.Īnd it was very obvious why there was so much investor enthusiasm for this stock. When the stock began trading on December 9, it opened at a shocking $182.00, reached a high of $195.50, and closed at $189.51. You see, DoorDash priced its IPO at $102.00 per share on December 8, 2020. And even though the stock market seems to have an unlimited appetite for tech plays these days, not all tech IPOs go up forever.ĭoorDash Inc (NYSE:DASH) stock, for instance, skyrocketed during its first day of trading, but went on to fall quite a bit in subsequent trading sessions. However, buying a stock right after its initial public offering (IPO) can involve a substantial amount of risk. Plenty of investors have bought shares of booming tech companies during their first days of trading and have laughed all the way to the bank. When it comes to red-hot tech stocks, investors like to get in early. If you did not get in early, here's what you should know. 01:28:28 DoorDash Inc NYSE:DASH DoorDash stock DASH stock tech stock tech stocks IPO DoorDash Inc (NYSE:DASH) stock has had quite a dramatic ride since its initial public offering (IPO) in December 2020.
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