Geopolitics Alpha

Doordash to buy Instacart in $17bn deal it says will expand customer options

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Doordash to buy Instacart in $17bn deal it says will expand customer options

Instacart shoppers will be able to buy from 150,000 stores, compared to the 100,000 currently available on the platform, the firms said.

Directly affected

  • DASH DoorDash-12.9% 30d

    Named in this report.

Indirectly affected

  • XLY Consumer Discretionary Select Sector SPDR+2.2% 19d

    Consumer Discretionary Select Sector SPDR holds the consumer sector that DoorDash belongs to, so it often moves with news about it.

  • V Visa+8.4% 30d

    Visa is a peer of DoorDash in business services; rivals often move on the same news.

  • MA Mastercard+6.4% 30d

    Mastercard is a peer of DoorDash in business services; rivals often move on the same news.

  • UBER Uber Technologies-7.9% 30d

    Uber Technologies is a peer of DoorDash in business services; rivals often move on the same news.

  • MELI MercadoLibre-8.8% 9d

    MercadoLibre is a peer of DoorDash in business services; rivals often move on the same news.

  • EBAY eBay+8.2% 30d

    eBay is a peer of DoorDash in business services; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DASH+9.75%-0.59%base+6.90%after closeafter closeafter close
XLYNo price data for this ticker———————
VNo price data for this ticker———————
MANo price data for this ticker———————
UBERNo price data for this ticker———————
MELINo price data for this ticker———————
EBAYNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Instacart shoppers will be able to buy from 150,000 stores, compared to the 100,000 currently available on the platform, the firms said.

Source: BBC

This story

CompanyWhenMoveStatus
DASHthat day+6.90%still updating
DASHthree days earlier-0.59%final price
DASHfive days earlier+9.75%final price

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This story

12 out of 100Price not final

“Doordash to buy Instacart in $17bn deal it says will expand customer options” scores 12 out of 100. The score uses 1 sources. The price is not final yet.