By Corey Mann Lyft stock got off to a rough start after its initial IPO in March of 2019. However, the ridesharing company looks to turn things around in 2020, gaining 8.95% over the past month before its next earnings report in the coming weeks.
Lyft Stock Performance Review in 2019
Lyft (NASDAQ: LYFT) made its initial public offering on March 29, 2019 at $72 per share for a valuation of $20.6 billion. This was up from the original projections of around $60 to $70. Yet, Lyft stock started strong that day, opening at $87.33 due to rising interests.
Unfortunately, it wasn’t a great day after …read more
