Shares of Lyft Inc. (NASDAQ:LYFT) traded at a new 52-week high today of $59.80. This new high was reached on below average trading volume as 4.7 million shares traded hands, while the average 30-day volume is approximately 7.1 million shares.
Lyft Inc. share prices have moved between a 52-week high of $59.80 and a 52-week low of $14.56 and are now trading 306% above that low price at $59.11 per share.
Lyft Inc. (NASDAQ:LYFT) defies analysts with a current price ($59.11) 1.3% above its average consensus price target of $58.34.
Lyft is the second largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft has recently entered the Canadian market, in efforts to expand its market outside of the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multi-modal transportation options to users.
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