Lyft Stock Plunges as Insiders Race to Dump Shares on Clueless Investors

Lyft is getting crushed on the first trading day following its much-hyped IPO, and unsophisticated investors are learning the hard way that it’s not a good idea to plow into companies as soon as they go public. Lyft Stock Dives Below IPO Price While Dow, S&P 500 Surge Lyft went public Friday at $72 a share. Almost immediately, the price rose 20% as retail buyers raced to gobble up shares, only to close well off its session high as insiders dumped their stakes. When it opened for trading Monday, the price sank even further to $69.12 a share, which was

The post Lyft Stock Plunges as Insiders Race to Dump Shares on Clueless Investors appeared first on CCN

source https://www.ccn.com/lyft-stock-plunges-as-insiders-race-to-dump-shares-on-clueless-investors

READ MORE http://bit.ly/2FMtP23

from Cryptocurrency News https://ift.tt/2VapX1p
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!