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Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) shares were trading higher Thursday, but over the past 30 days, the two stocks have fallen significantly. Uber is down 16.45% over the past 30 days, and Lyft is down 17.5% over the past 30 days.
Here's a look at Lyft's previous month:
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Aug. 7: Lyft reported strong second-quarter earnings and issued third-quarter sales guidance above analyst estimates.
Aug. 12: Announced 257.6 million shares of its common stock will be eligible for sale in the public market on Aug. 19.
And here's a look at Uber's previous month:
Aug. 8: Uber reported mixed second-quarter earnings.
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Aug. 29: Uber’s CEO said the company is recession- and trade war-proof.
On Sept. 3, the California Gov. Gavin Newsom threw his support behind a bill that would require Uber and lyft to classify some workers as employees rather than independent contractors, which caused the stock to plunge.
Uber shares were trading higher by 1.69% at the time of publication Thursday, while Lyft shares were up 0.22%.
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Photo courtesy of Uber.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.