DoorDash is trading at $63.26, down 6.00%, amid broad market weakness.
- Major U.S. indices are lower as higher oil prices and Treasury yields weigh on sentiment.
- Reuters reported that rejection of Iran’s proposal pushed oil higher, rekindling inflation concerns and lifting yields.
- No fresh company-specific catalyst was identified. DoorDash’s $131.5 million New York City settlement was reported September 22, not as a new September 28 announcement.