Mar. 28 at 9:46 PM
NYC just declared war on gig delivery — and
$CART,
$DASH,
$UBER are all bleeding for it.
$CART at
$35.72 (-1.57%), sitting below all key MAs — SMA20 at
$37.36, SMA50 at
$37.08 — RSI 42 and fading. Down 21.75% this quarter.
$DASH getting wrecked hardest, -3.53% to
$146.60, RSI 29.59 — nearly oversold, -36.83% QTR.
$UBER at
$69.18, RSI 36.87, well under its SMA200 at
$87.21.
NYC's
$17.96/hr floor forces algorithm rewrites, batch order changes, higher fees. If NYC becomes the blueprint for other metros, margin compression goes systemic across all three names.
No rush to catch falling knives here. Watching
$CART $32.73 support (52W low).
$DASH RSI flashing near-oversold but trend is brutal.
#GigEconomy #Instacart #DeliveryStocks
