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Lyft falls below IPO price, after lukewarm market debut last week

Lyft falls below IPO price, after lukewarm market debut last week

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/04/01/lyft-stock-is-tumbling-after-a-lukewarm-market-debut.html

Shares of Lyft sank as much as 11 percent Monday, falling below the stock's IPO price, after a mild market debut last week.

The stock traded as low as $69.12 a piece just after market open, more than 20 percent below its Friday intraday high of $88.60. More than 16 million shares had changed hands as of 10:00 a.m. in New York.