Lyft shares are trading lower amid overall market weakness on rising yields.
Portfolio Pulse from Benzinga Newsdesk
Lyft shares are trading lower due to overall market weakness caused by rising yields.
September 06, 2023 | 5:33 pm
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NEGATIVE IMPACT
Lyft's stock price is experiencing a downturn due to the overall market weakness brought about by rising yields.
Rising yields often lead to a sell-off in the stock market as investors move towards safer assets. This market weakness has negatively impacted Lyft's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100