DoorDash Stock Surges 052% on $800M Trading Volume Ranking 89th in Market Activity

On June 18, 2025, DoorDash (DASH) saw a trading volume of $800 million, ranking 89th in the day's stock market activity. The stock price increased by 0.52%.

DoorDash's stock price has been influenced by several recent developments. Notably, the company's shares have been trading lower as investors react to a significant insider sale and a series of strategic announcements. This has led to a mixed sentiment among investors, with some taking a cautious approach while others remain optimistic about the company's long-term prospects.

Cathie Wood's Ark Investment Management has made a notable move by purchasing 139,236 shares of DoorDash, marking the first time the firm has invested in the company. This acquisition reflects a bullish sentiment surrounding DoorDash's pending acquisition and its potential for growth. Additionally, Wood has increased her stake in DoorDash through three ETFs, further indicating her confidence in the company's future performance.

Despite missing Q1 revenue estimates of $3.1 billion with a reported $3 billion, DoorDash's stock has shown resilience. The company's earnings are expected to grow by 69.37% in the coming year, from $2.22 to $3.76 per share. This growth projection, coupled with the company's strategic initiatives, has helped to mitigate some of the concerns surrounding the recent revenue shortfall.

In recent trading, DoorDash's shares have crossed above the average analyst 12-month target price of $221.71, trading at $221.73. This movement suggests that analysts remain optimistic about the company's future performance, despite the recent challenges. The company's revenue rose 21% in the first quarter, and total orders have increased by 18% over the past year, indicating a strong operational performance.