DASH Price Drops 7.21% Following Shareholder Sale Disclosures

On November 10, 2025,

experienced a 7.21% drop over the past 24 hours, settling at $75.96. This represents a 27.4% decrease over the last week, though the price is up 43.04% in the past month and has nearly doubled, rising 99.6% over the past year. This sharp price movement aligns with a recent insider trading disclosure, which could indicate changes in ownership and investor outlook.

A trust associated with Brown Shona L, called the Shona L Living Trust, submitted a Form 144 to the SEC to sell 4,575 shares of DASH. The filing, made on November 10, 2025, states that Morgan Stanley Smith Barney LLC will handle the sale under a pre-set 10b5-1 trading plan. The trust is required to complete the transaction within 90 days of the filing date. Such filings are routine for insiders selling restricted shares and do not necessarily reflect expectations for the company’s long-term performance.

This development comes as DoorDash faces heightened competition in the grocery delivery market, with rivals like Instacart and Walmart expanding their online grocery offerings. In recent quarters,

has deepened its collaborations with major retailers such as Kroger, while also contending with emerging competitors like Instacart and Venmo, the latter of which has introduced a new cashback rewards feature for its debit card customers.

Despite these challenges, technical analysis indicates that DASH’s recent price swings may offer short-term rebound opportunities for investors. Historical data from January 3, 2022, to November 7, 2025, shows the stock tends to exhibit a slight mean-reversion tendency following sharp declines.

Backtest Hypothesis

The backtest reviewed DASH’s performance after its daily close dropped at least 10% below its previous closing high. Over this timeframe, 682 such drawdown events were recorded. The findings showed that, on average, DASH outperformed a buy-and-hold strategy by about 0.38 percentage points over the following 30 days. The win rate increased from roughly 51% on day one to 63% after 30 days, but the advantage was modest and not statistically significant by standard measures. This implies that, while there is a slight mean-reversion effect, the approach may not be sufficient as a standalone trading strategy once transaction costs and slippage are considered. The wide range of results also highlights the necessity of strong risk controls when trading after significant sell-offs.