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DoorDash Trading Volume Drops 52.68% to $734 Million Despite Stock Price Rise and SevenRooms Acquisition
Generated by AI AgentAinvest Market Brief
Thursday, May 8, 2025 8:17 pm ET1min read
On May 8, 2025,
(DASH) saw a trading volume of $734 million, marking a 52.68% decrease from the previous day. The stock price rose by 3.37%.DoorDash has made significant moves in the market, acquiring SevenRooms, a hospitality tech company, for $1.2 billion. This acquisition is part of DoorDash's aggressive global expansion strategy, aiming to enhance its technological capabilities and market reach.
In the first quarter of 2025, DoorDash reported earnings per share (EPS) of $1.07, surpassing expectations by $0.10. However, the company's revenue of $3.03 billion fell short of estimates by approximately $62 million. Despite the revenue miss, DoorDash emphasized its continued growth and resilience in the market.
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