Why Lyft, Inc. (LYFT) Skyrocketed This Week
From Yahoo Finance: 2025-05-10 09:36:00
The stock market dipped as investors awaited US-China trade talks. Dow Jones fell by 0.16%, S&P 500 by 0.47%, and Nasdaq by 0.27%. Despite this, 10 companies saw significant gains this week. Lyft, Inc. (NASDAQ:LYFT) led with a 31.62% increase, attributing its growth to a swing to profitability and revenue growth. Lyft projects mid-teens rider growth and increased gross bookings for Q2. CEO David Risher anticipates market-leading performance with new expansions. LYFT ranks 4th on the list of top-performing stocks.
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