Why Lyft Stock Lost 11% in December
Lyft (NASDAQ: LYFT) stock underperformed a booming market last month, shedding 11% compared to a 3% spike in the S&P 500, according to data provided by S&P Global Market Intelligence.
The decline capped a difficult year for shareholders, with the ridesharing platform's stock down 45% since its initial public offering in March.
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Source Fool.com