Lyft Stock Just Keeps Crumbling – WTF Is Going On?

By CCN: Ridesharing company Lyft launched its $2 billion IPO to much fanfare, and investors piled into Uber’s largest competitor ahead of its own massive IPO. Since then, however, Lyft’s stock price has fallen off a cliff and just keeps on dropping, seemingly with no bottom in sight. Why is the market rejecting Lyft, and should investors go anywhere near it anytime soon? LYFT Shares Keep Hitting Lower Lows Unfortunately for Lyft investors, it does seem that a sub-$60 share price is here to stay. Its price chart shows a series of brief bounces culminating in lower lows each time,

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source https://www.ccn.com/lyft-stock-just-keeps-crumbling-wtf-is-going-on

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