Lyft Inc LYFT shares are trading lower on Monday.
Atlantic Equities analyst James Cordwell says the weakness may be related to readacross from Hertz and Avis, which reportedly saw April demand down 80% year-over-year.
Hertz is being forced to liquidate some of its fleet, which is "having implications" for the car market.
Lyft shares were trading down 9% at $26.94 at time of publication on Monday. The stock has a 52-week high of $68.33 and a 52-week low of $14.56.
Related Links:
Lyft, Uber Suspend Shared Rides To Limit Spread Of Coronavirus
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
