DoorDash (DASH) accelerated its slump on Monday. The stock peaked at around $240 in August but has slipped since then. DASH stock dropped by 6.1% to close at $168.44.
The firm reportedly wanted to buy its food-delivery rival, Instacart (CART), for around $17 billion.
Instacart previously tried selling itself to Uber (UBER). However, talks broke down.
MercadoLibre (MELI) closed the day down 7.81% at $1,668.72. Shares traded as low as $1,575 on Monday morning in response to the Brazil elections. President Lula da Silva unexpectedly won in Sunday’s runoff. He beat Senator Bolsonaro.
Brazilian consumer stocks that fell included Arcos (ARCO) and Ambev (ABEV). StoneCo (STNE), Nu Holdings (NU), and PagSeguro Digital (PAGS) dropped in the double-digit percentage.
Fair Isaac (FICO) dropped by 13.15%. Markets continued to assign a steeper discount as investors fretted over higher competition. The mortgage-scoring market worsened after TransUnion (TRU) offered inexpensive VantageScore 4.0 pricing until December 2028. Mortgage origination scores will cost just $0.99. By comparison, Fair Isaac said it would keep its $10 rate for preferred customers.
TRU stock bounced from a low of $60.96 to close at $79.62. Firms in this sector include Equifax (EFX), Verisk Analytics (VRSK), and RELX (RELX). These firms trade at a premium valuation. They offer only modest growth but run profitable businesses.
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