Why Lyft Stock Was Flying Higher Today
Shares of Lyft (NASDAQ: LYFT) were surging today after the ride-hailing company posted better-than-expected results in the first quarter, showing significant improvement on the bottom line, and as management reassured investors that the company should be able to manage through the pandemic.
The stock was up 23.2% as of 10:41 a.m. EDT on Thursday.
A Lyft driver picks up a passenger. Image source: Lyft.
Source Fool.com