Ark Invest Buys $6.8M DoorDash Stock; Options Skew Signals $148–182 Range
Ark Invest’s Cathie Wood ETFs acquired $6.8 million of DoorDash shares after the stock fell 27% year-to-date and 33% over six months, citing AI-driven cost savings and revenue expansion. Short-term options skew shows put implied volatility above calls, projecting a March 20 trading range of $148.17 to $182.41.
1. Cathie Wood ETF Purchases
Two Ark Invest exchange-traded funds acquired approximately $6.8 million of DoorDash shares, reflecting Cathie Wood’s confidence in the company’s AI-driven strategy to lower costs and drive top- and bottom-line growth.
2. Recent Stock Performance
DoorDash equity has slid about 27% year-to-date and roughly 33% over the past six months, as encouraging fourth-quarter user and revenue growth failed to offset a headline miss against analyst expectations.
3. Options Market Signals
The March 20 options chain exhibits higher implied volatility on puts versus calls across strike prices, indicating investors are prioritizing downside protection while call options remain relatively inexpensive for bullish positions.
4. Projected Price Ranges
Black-Scholes calculations suggest a one-standard-deviation range of $148.17 to $182.41 by March 20, while a Markov-based model extends a five-week outlook between $150 and $190, with probability density peaking near $165.