Lyft Stock Surges After Atlanta Autonomous Vehicle Launch, But Is the Price Justified?
Thinking about what to do with your Lyft shares, or whether it’s time to get in? You’re not alone. After all, Lyft has made some serious moves lately that have both energized the bulls and made skeptics raise an eyebrow. Over the past month, the stock powered up by 34.6% and the year-to-date climb looks even stronger at 60.2%. Even the annual return is holding a solid 70.3%. All of this comes after a hefty rebound from pandemic blues and regulatory headwinds. But, the story isn’t entirely rosy. The last seven days saw a 3.1% dip, and if you zoom way back, five-year holders are still down 20.8% overall.
What’s driving this roller coaster? New headlines paint a picture of a company pushing into the future: from partnerships to…
