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Why DoorDash Stock Dropped This Week

TheMotleyFool

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DoorDash (NYSE: DASH) shareholders lost ground to the market this week, with the stock falling 11% through Thursday trading compared to a 0.2% drop in the S&P 500, according to data provided by S&P Global Market Intelligence.

The decline added to significant short-term losses for the food delivery business, whose stock is down over 50% so far in 2022. It was powered by concerns about DoorDash's late Thursday earnings report. Yet that announcement was met with a positive initial reception on Wall Street, indicating a potential rebound in the stock on Friday.

Image source: Getty Images.

Source Fool.com

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