Lyft just ended a brutal week with the stock down nearly 20% since Monday

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Lyft just ended a brutal week with the stock down nearly 20% since Monday
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Lyft just ended a brutal week with the stock down nearly 20% since Monday.

Shares of Lyft slid 19.55% in the past week as investors finally got their first look inside rival Uber's business. The stock closed in the negative four out of five days this week and dropped about $3 billion in market capitalization.

Lyft sank 1.8% on Friday, a day after Uber released its S-1 where it reported 2018 revenue of $11.27 billion compared with Lyft's $2.2 billion. Uber said it had a net profit of $997 million in 2018, though it has a loss of $1.85 billion on an adjusted EBITDA basis. Lyft reported a loss of $911 million in its public filing.

Wedbush Securities analysts gave Lyft a neutral rating on Friday with a 12-month price target of $80, saying concern it has heard from investors prior to Uber's S-1 were not eased much now that it's public.

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