Lyft (NASDAQ:LYFT) shares fell more than 3% intra-day today. The decline follows insider stock sales, including Chief Accounting Officer Lisa Blackwood-Kapral’s sale of 18,581 shares for around $283,000, and a stock rating downgrade by Nomura from Neutral to Reduce.

The analyst highlighted challenges in Lyft’s ability to increase take rates amid rising driver operational expenses. Additionally, the analysis pointed out issues in Lyft’s bike-sharing business and a smaller market position compared to Uber, which could limit revenue growth. Despite a 41% increase in stock price year-to-date, Lyft faces ongoing business challenges.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?