Options Bulls Blast Lyft Stock on Forecast, Earnings
Portfolio Pulse from
Lyft Inc (NASDAQ:LYFT) reported strong third-quarter earnings and revenue, along with an optimistic forecast for current-quarter gross bookings, leading to increased options activity.
November 07, 2024 | 5:30 pm
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Lyft reported strong Q3 earnings and revenue, and provided an optimistic forecast for current-quarter gross bookings, resulting in increased options activity.
The strong earnings report and positive forecast are likely to boost investor confidence, leading to increased demand for Lyft's stock. The surge in options activity indicates heightened interest and potential upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100