Lyft hit a new 52-week low on Monday after dropping nearly 20% over the previous week.
Lyft's week is off to a dreary start as the stock continues to tumble after dipping nearly 20% over the previous week.
Lyft has ended more trading days in the negative than positive since its debut on March 29. Analysts have worried that Uber's imminent entrance onto the public market could further push down Lyft's stock. Uber is expected to seek a valuation of $90 to $100 billion and has a far more complex business than Lyft's which it is sure to tout on its roadshow.
Still, analysts have struggled to compare the two companies, with many still unsure what to make of Uber's high expected IPO valuation while it continues to sustain significant losses. But even so, some continue to doubt the value of either company.
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Lyft is having a brutal week with the stock down 20% since MondayLyft is on track to close the week with four out of five days in the negative.
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Lyft just ended a brutal week with the stock down nearly 20% since MondayLyft is on track to close the week with four out of five days in the negative.
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