"The catalyst for the sentiment reversal centers on a single post that drew outsized attention from retail traders. A post titled "CHIPOTLE JUST BROKE. DOORDASH IS NEXT." accumulated 2,708 upvotes and peaked at 287 upvotes per hour on October 30 at 9 p.m. ET, according to social sentiment tracking data. The post drew 76 comments per hour at its height, concentrating nearly all discussion within r/wallstreetbets."
"The narrative compares DoorDash's recent price action to Chipotle's technical breakdown, suggesting similar downside could follow. Activity metrics show engagement remained maxed out at a score of 100 through October 30 and 31, indicating sustained retail focus on the bearish thesis. Importantly, this sentiment shift appears chart-driven rather than fundamentals-driven. No material negative news about DoorDash has emerged to justify the shift."
Retail investor sentiment for DoorDash collapsed from a social score of 41 to 20 between October 26 and October 31, a 51% decline that reflects a marked shift in retail positioning. A viral r/wallstreetbets post drew heavy engagement—2,708 upvotes, peaks of 287 upvotes per hour, and 76 comments per hour—concentrating bearish attention. DoorDash shares fell 4.5% on October 30 to $254.07 and have declined 11% from an October 16 peak of $285.50. Technical signals show the stock testing support around $254 with the next floor near $246–$250 and a 14-day RSI of 42.67.
Read at 24/7 Wall St.
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