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Wall Street Insider April 6

by posted 4months ago 18 views
  Dear Readers, Well, that was quick: A week after Lyft's splashy IPO and shares of the ride-hailing company have already come crashing back to earth. Lyft priced its IPO at $72 a share last Thursday evening and opened the next day at $87.24 a share. After a volatile few days of trading, shares closed at $74.69 as of Friday. One analyst slapped a sell rating on the company this week and initiated with a $42 price target, nearly half its IPO price.

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