Lyft Stock Down 38% in 6 Months:Thinking of Buying the Dip?
Lyft(LYFT) ZACKS·2024-09-06 22:55
Shares of ride-hailing company Lyft (LYFT) have not had a good time on the bourses of late, plunging 37.7% over the past six months. The disappointing price performance resulted in LYFT underperforming its industry as well as rival Uber Technologies (UBER) in the same timeframe. Six-Month Price Comparison Image Source: Zacks Investment Research Currently trading at $11.25, the stock rebounded 27% from its 52-week low of $8.85. However, it still reflects a discount of 85% from its 52-week high of $20.82 reac ...