DoorDash Stock Rises After $131.5 Million NYC Settlement

This article first appeared on GuruFocus. DoorDash (NASDAQ:DASH) shares rose 2.98% intraday after the company said it reached a $131.5 million settlement with New York City's Department of Consumer and Worker Protection over findings that it underpaid workers or paid them late. The stock's gain alongside a settlement of that size suggests the market read the resolution as clearing an overhang. Warning! GuruFocus has detected 4 Warning Sign with DASH. Is DASH fairly valued? Test your thesis with our free DCF calculator.DASH GF Value chart The settlement includes nearly $115 million in relief for about 264,000 delivery workers and a $16.7 million fine.