DoorDash said to be ending grocery delivery partnership with Walmart

Aug. 19, 2022 9:52 AM ETDoorDash, Inc. (DASH)WMTBy: Clark Schultz, SA News Editor8 Comments

DoorDash Raises Estimate For Initial Public Offering

Michael M. Santiago

DoorDash (NYSE:DASH) shed 3.30% in early trading on Friday after Business Insider reported that the company has decided to end its grocery delivery partnership of more than four years with Walmart (WMT).

A source indicated that DoorDash (DASH) determined that the relationship with Walmart (WMT) was no longer mutually beneficial.

The termination is expected to be effective in September, with Walmart (WMT) having already been given 30-day notice.

The Seeking Alpha Quant Rating on DASH is at Hold after it pushed up from a Sell rating in early August. A low score for valuation is still holding back the overall quant rating.

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