DoorDash: Another COVID-Era Venture Bites The Dust
Candy Matheson | Oct 23, 2022 04:23AM ET
As shown on the following two daily charts, DoorDash (NYSE:DASH) has lost 76% of its value, to date, from its IPO closing price of $189.51 on Dec. 9, 2020 -- after spiking higher, twice, to 256.09 and 257.25, respectively, followed by two plunges -- to Friday's close of 45.23.
Beware of these volatile, parabolic one-hit COVID-era wonders, as they may never recover, especially during the current high-inflation environment [classic case in point is Zoom Video (NASDAQ:ZM) as described here]...and pity the buyers at the top!
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