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