Uber stock price sinks as Lyft rises: Why Wall Street is shifting gears on the ride-hailing giants

May 8 2024 by Fast Company

Both firms posted guidance for the current quarter, but while Lyft investors seemed pleased, Uber’s projections underwhelmed.

When it comes to the stocks of America’s two biggest ride-sharers, their current fortunes are polar opposites this morning. As of the time of this writing, Lyft shares are up nearly 5.5% in premarket trading to just over $17.50. Meanwhile, Uber shares are currently down over 6.5% to around $65.70.

Continue Reading Uber stock price sinks as Lyft rises: Why Wall Street is shifting gears on the ride-hailing giants