DoorDash Shares Rise 7%

Shares of online food delivery company DoorDash, Inc. (DASH) are up more than 7 percent on Wednesday's trading. The stock movement is in tandem with the U.S stock markets, which are in the green early Wednesday morning. There has not been any company-specific news to influence the stock on Wednesday.

Recently, the company posted higher revenue in the second quarter, which came in ahead of the Street consensus forecast. DoorDash also lifted its outlook for annual core growth to around $51 billion to $53 billion for 2022, compared with the earlier estimated range of $49 billion to $51 billion.

Currently at $78.42, the stock has traded between $56.67 and $257.25 during the past 52 weeks.

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