Stock Markets Analysis and Opinion
DoorDash: Another COVID-Era Venture Bites The Dust
2022.10.24 18:53
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As shown on the following two daily charts, DoorDash (NYSE:) 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:) as described ]…and pity the buyers at the top!
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