Lyft shares are trading lower in sympathy with Uber, which fell after reporting Q2 earnings.
Portfolio Pulse from Benzinga Newsdesk
Lyft shares are trading lower in sympathy with Uber, which fell after reporting Q2 earnings.
August 04, 2023 | 10:05 am
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Lyft's stock price is trading lower due to Uber's disappointing Q2 earnings report.
Lyft's stock price is trading lower as a reaction to Uber's disappointing Q2 earnings report. As both companies operate in the same industry, investors often use the performance of one as an indicator for the other. Therefore, Uber's poor performance has led to a decrease in Lyft's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100