3 Doors Investors Are Finally Starting to Open in 2023
It's been a year since I wrote about three relatively new "doors" -- DoorDash (NYSE: DASH), Opendoor Technologies (NASDAQ: OPEN), and Nextdoor Holdings (NYSE: KIND) -- that investors didn't want to open. The three stocks had hit the market within the two previous years. They were out of favor then, and 2022 didn't play out any better.
DoorDash, Opendoor, and Nextdoor would go on to plummet 67%, 92%, and 74%, respectively, in 2022. It's been a different story so far in 2023. The three stocks are up 22%, 106%, and 18%, respectively, averaging out to a 49% year-to-date surge. Let's take out a keychain to see why these "door" prizes are opening so freely this year.
Image source: Getty Images.
Source Fool.com