alright, gonna repeat my posts here cause it generated interesting discussion in the last thread and still no one has replied to my standalone thread here - Doordash is the only stock I still own. I cashed out my 401k a couple months ago after getting fired from my previous job (I was a low level corporate employee at Doordash).
Because I was a low level corporate employee who was paid hourly instead of salary, I was NOT eligible for stock benefits as part of my compensation. Nevertheless, when I got hired in early 2023, I spent about 2k purchasing stock and bought some more over the year. My average buy price was $80 per share. The all time high was $240 per share, shortly after it went public at the end of the pandemic in 2021.
Recently, Doordash finally achieved profitability status since launching in 2013. They were profitable in both Q3 and Q4 of 2024. As a result of this, the stock went up to over $210 after the most recent earnings report was released in February of this year. I almost sold but I was waiting for it to touch or surpass all time high.
Since then, there has really only been good news for the company. They've announced more partnerships with Domino's, Dollar General, and of course the Klarna buy now/pay later deal that got significant media attention. They still have well over 50% of the entire delivery market in the US for food/grocery, and they've been expanding into new verticals for the past few years now with their own Dashmart convenience stores, partnering with brick and mortal retail shops for delivery, offering package delivery service, and more.
Yet, despite that good news, the stock has taken a tumble with the wider market sentiments. It was dipped from $210 in February to $163 as of Friday April 4th. I understand the market works this way, but it is frustrating.