Lyft Is Luring Investors, Just Not the Kind It Wants - News Summed Up

Lyft Is Luring Investors, Just Not the Kind It Wants


Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. __________Lyft, just days into its existence as a publicly traded company, is drawing unwanted interest from Wall Street’s pessimists. Traders who bet that the stock will decline are piling into the ride-sharing company. These so-called short-sellers borrow and sell the shares, hoping to buy them back at a lower price sometime in the future. That was equal to 20 percent of the shares actually available for trading, known as the float.


Source: New York Times April 04, 2019 09:00 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */