DoorDash Stock Tumbles After Earnings Miss Amid Slower US Restaurant Segment
DoorDash(DASH) Investopedia·2024-05-02 11:10
Source: TradingView.com.Key TakeawaysShares in food delivery giant DoorDash moved sharply lower in premarket trading on Thursday after the company reported a wider-than-expected net loss.The company said gross order value growth in its U.S. restaurant segment decelerated slightly on a sequential basis.DoorDash shares may find a zone of support from prior price action and the 50% Fibonacci retracement level between $105 and $110.50. Food delivery giant DoorDash (DASH) posted a wider-than-expected loss for ...