Lyft Stock Down 38% in 6 Months:Thinking of Buying the Dip?
LYFTLyft(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 ComparisonImage Source: Zacks Investment ResearchCurrently trading at 11.25,thestockrebounded2711.25, 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 reached ...