REUTERS/Stephen Lam Lyft shares fell nearly 8% on Wednesday after the ride-hailing company reported quarterly earnings for the first time as a public company the evening prior. Lyft did not break out gross bookings data in its earnings report, which disappointed analysts looking for further detail on Lyft’s growth. Uber, Lyft’s biggest rival, is expected […]
Major Wall Street analysts are all bulled up on Lyft, but investors don’t seem to care (LYFT)
Lyft shares swung between gains and losses on Tuesday after 10 Wall Street analysts initiated coverage of the recently public ride-hailing company. Shares fell by as much as 2.5% before rallying by as much as 1.8% after the majority of the analysts’ calls were bullish. Watch Lyft trade live. Lyft shares swung between gains and […]
Major Wall Street analysts are all bulled up on Lyft, but investors don’t seem to care (LYFT)
Lyft shares swung between gains and losses on Tuesday after 10 Wall Street analysts initiated coverage of the recently public ride-hailing company. Shares fell by as much as 2.5% before rallying by as much as 1.8% after the majority of the analysts’ calls were bullish. Watch Lyft trade live. Lyft shares swung between gains and […]
Lyft sinks to new low after Uber files to go public, highlighting Wall Street’s competition concerns (LYFT)
Reuters Lyft shares fell on Friday after its chief rival, Uber, officially filed to go public the evening prior. Cautious analysts covering Lyft have cited competition in the ride-hailing space as a fundamental concern about the stock. Watch Lyft trade live. Lyft shares on Friday fell to the lowest level since going public after rival […]
Lyft is having a messy first few days of trading (LYFT)
Reuters Lyft shares swung between gains and losses on Tuesday, marking a volatile third day of trade. The newly minted ride-sharing stock has lost about 20% of its value since going public last week. Investors were enthusiastic heading into Lyft’s historic initial public offering, but analysts are concerned about the company’s uncertain path to achieving […]
Lyft is having a messy first few days of trading (LYFT)
Reuters Lyft shares swung between gains and losses on Tuesday, marking a volatile third day of trade. The newly minted ride-sharing stock has lost about 20% of its value since going public last week. Investors were enthusiastic heading into Lyft’s historic initial public offering, but analysts are concerned about the company’s uncertain path to achieving […]