Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Lyft Stock Drops To New Low

Video Credit: Wochit - Duration: 00:39s - Published < > Embed
Lyft Stock Drops To New Low

Lyft Stock Drops To New Low

Business Insider reports Lyft shares dropped by 7.3% on Wednesday after it was reported that Uber was seeking a valuation of $90 billion to $100 billion.

Uber insiders say the company plans to sell about $10 billion worth of stock when it files to go public on Thursday.

Lyft's market cap on Tuesday was just under $20 billion.

The ride-hailing company raised about $2.69 billion last month in its initial public offering.

Lyft stock is down about 27% from its opening price.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Deutsche Bank is hurting, but shareholders aren't giving up--yet [Video]Deutsche Bank is hurting, but shareholders aren't giving up--yet

Deutsche Bank's stock fell nearly 3% to a new record low Thursday as the annual meeting of the company's shareholders heard CEO Christian Sewing and chairman Paul Achleitner pledge new cost cuts but..

Credit: Rumble     Duration: 00:45Published

Deutsche Bank Is Hurting, But Shareholders Aren't Giving Up--Yet [Video]Deutsche Bank Is Hurting, But Shareholders Aren't Giving Up--Yet

Deutsche Bank's stock fell nearly 3% to a new record low Thursday as the annual meeting of the company's shareholders heard CEO Christian Sewing and chairman Paul Achleitner pledge new cost cuts but..

Credit: Wochit     Duration: 00:46Published

Tesla's stock continues to crater [Video]Tesla's stock continues to crater

On Thursday morning Tesla shares hit a 2 1/2-year low. According to one Wall Street strategist, a &quot;wash out&quot; move in the stock could be coming before a &quot;decent sized..

Credit: Rumble     Duration: 00:45Published

Tesla's Stock Continues To Crater [Video]Tesla's Stock Continues To Crater

On Thursday morning Tesla shares hit a 2 1/2-year low. According to one Wall Street strategist, a "wash out" move in the stock could be coming before a "decent sized bounce." However another Tesla..

Credit: Wochit Business     Duration: 00:45Published

S&P 500 Still On Track For First Monthly Decline In 2019 [Video]S&P 500 Still On Track For First Monthly Decline In 2019

According to Reuters, the S&P 500 is on track for its first monthly decline this year. After hitting a 20-month low in late December, the S&P has rebounded about 20-percent. But the benchmark index has..

Credit: Wochit Business     Duration: 00:54Published

Tesla investors demand return [Video]Tesla investors demand return

On Tuesday Tesla junk bonds hit a new record low price as the company&apos;s stock price also plummeted. Business Insider reports the company&apos;s 2025 notes were trading at $82.012 with a..

Credit: Rumble     Duration: 00:39Published

Tesla Investors Demand Return [Video]Tesla Investors Demand Return

On Tuesday Tesla junk bonds hit a new record low price as the company's stock price also plummeted. Business Insider reports the company's 2025 notes were trading at $82.012 with a yield of 9.18%,..

Credit: Wochit     Duration: 00:39Published

Here's Why Tesla Bulls are Unshakeable [Video]Here's Why Tesla Bulls are Unshakeable

Another day, another Tesla headline. The company's shares were indicated sharply lower Monday, extending the stock's year-to-date decline past 40% and sliding under the $200 mark, as analyst at..

Credit: The Street     Duration: 00:59Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.