The stock of Lyft, Inc. (NASDAQ:LYFT) is a huge mover today! The stock decreased 4.06% or $3.02 during the last trading session, reaching $71.43. About 2.90M shares traded. Lyft, Inc. (NASDAQ:LYFT) has 0.00% since April 8, 2018 and is . It has underperformed by 4.37% the S&P500. The move comes after 9 months negative chart setup for the $24.11 billion company. It was reported on Apr, 8 by Barchart.com. We have $65.72 PT which if reached, will make NASDAQ:LYFT worth $1.93 billion less.
More notable recent Lyft, Inc. (NASDAQ:LYFT) news were published by: Benzinga.com which released: “5 Reasons Not To Short Lyft (NASDAQ: LYFT), According To Activist Short Seller Citron Research – Benzinga” on April 05, 2019, also Benzinga.com with their article: “Lyft, Inc. (NASDAQ:LYFT), Tesla Motors, Inc. (NASDAQ:TSLA) – FreightWaves Features In The Breakout List Of High Potential And Growth Startups – Benzinga” published on April 05, 2019, Seekingalpha.com published: “Lyft Makes Flattering ‘Contribution’ To Accounting – Seeking Alpha” on March 17, 2019. More interesting news about Lyft, Inc. (NASDAQ:LYFT) were released by: Benzinga.com and their article: “Lyft, Inc. (NASDAQ:LYFT) – Stock Stumbling, Lyft Announces $50 Million In Transportation Initiatives – Benzinga” published on April 02, 2019 as well as Nasdaq.com‘s news article titled: “Lyft sets terms for $2.0 billion IPO – Nasdaq” with publication date: March 18, 2019.
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company has market cap of $24.11 billion. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders. It currently has negative earnings. The firm also offers a network of shared bikes and scooters in various cities to address the needs of riders for shorter routes; Express Drive program, a flexible car rentals program which connects drivers who need access to a car with third-party rental car companies; and concierge for organizations to manage the transportation needs of their clients and employees.
