When a company offers up good news to the Street, you have to be careful they're going to react to it. In the case of DoorDash Inc. (NYSE:DASH), investors that reacted too quickly to its raised guidance are at least in the short term regretting that purchase. The price action in the issue following Wednesday’s raised guidance makes it the PreMarket Prep Stock Of The Day.
Fall From Grace: DoorDash made its all-time high last November at $257.25. It repelled off that level to end the year at $148.90 and the decline was just getting started. Its all-time low was made May 12 at $57.60. The rebound from that was capped on Tuesday at $81.44 and ended Tuesday’s session at $76.91. The highest close for the rally was last Friday at $78.09.
