This stock is an obvious short at this point. Can't expect good news on earnings release, but beware shorting this stock for one good reason. At these levels the company is an obvious buyout target, which would catapult it towards $50-65 at once. Unusual high volume spikes throughout the years can be detected (with little stock movement), which could indicate...
===Long entry above $50 with $56 as possible price target===
RSI bullish.
Volume increasing.
Bullish MA crossing.
Lyft getting the upper hand over UBER in the investor community.
LYFT’s innovation outlook is neutral based on a current score of 67 out of 99, outperforming sector average. Insiders sentiment is neutral. Over the past 2 quarters LYFT failed to beat earnings estimates. For more analysis and articles visit our website.
I've posted quite a few short trade opportunities lately, but this one is a bullish setup.
With any new post-IPO there can be opportunity to take advantage of wild swings in the first couple months of trading. LYFT (like UBER) went straight into the doghouse with wider than expected losses for the newly minted stock. It's trading ~50% lower than it's all time...
Hello my friends, there are some of the stock of of the new sharing economy that have lauched their IPO-s this year that are falling into the abyss. The question is why are they going downward ? is the sharing economy overvalued ?
The companies are financially good,and are dominating major sectors of the future economy. so why are they falling ? Well i think...
I saw where Guggenheim analyst says LYFT will be profitable by 2021 instead of 2023. LYFT will still not be profitable in 2121 let alone 2021.
In all fairness, he is correct if you want to look at LYFT and UBER as technology plays but they are not, they are commodity plays.
A couple of questions for people who think LYFT and UBER raising prices is the cure...
Looking at current 15 minute LYFT chart it appears to me that LYFT is in for a down day tomorrow as there is a decent divergence with RSI. I would rather see it rally a bit so I could close CALL portion but it appears that will not happen.
Personally I think the rally today was based on a pipe dream of raising prices. I mean raising prices in a commodity...
I’m of the belief that the business model for Uber and Lyft long term is on with very thin margins and is a commoditized product. Eventually these two companies will stop marketing themselves as unique businesses and improve margins. However, as Ivan Feinseth of Tigress pointed out, as economy gets worse more riders could become drivers; therefore eroding demand...
LYFT Inc. is an on-demand transportation-as-a-service (TaaS) provider. The Company provides peer-to-peer transportation and on-demand ridesharing platform, which offers ride-hailing services. Lyft matches drivers with passengers who request rides through its smartphone application, and passengers pay automatically through the application. The Company offers ridesharing marketplace, which connects drivers with riders to provide car sharing and transportation services. The Company also has a network of shared bikes and scooters in various cities to address the needs of riders who are looking for short trips. Its nearby transit offering integrates third-party public transit data into the Lyft app to offer riders a robust view of transportation options. It offers various enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home and shuttle replacement rides.
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LYFT
