Why Lyft Stock Rose 15% in August
Shares of Lyft (NASDAQ: LYFT) were moving higher last month after the No. 2 ride-sharing company delivered a solid second-quarter earnings report and benefited from increased expectations that interest rates would soon go down.
Lyft also received generally positive commentary from Wall Street analysts during the quarter, a response to the momentum building in the business. According to S&P Global Market Intelligence, the stock gained 15% in August.
As you can see from the chart, it was a volatile month for the company, but Lyft took several steps higher during August.
Source Fool.com
LYFT Inc Stock
€18.83
0.530%
With 27 Buy predictions and 3 Sell predictions LYFT Inc is one of the favorites of our community.
At the moment LYFT Inc has reached the predicted target price of 19 €, with a current price of 18.83 €.
