Why Lyft Stock Rose 15% in August

Shares of Lyft (NASDAQ: LYFT) were moving higher last month after the No. 2 ride-sharing company delivered a solid second-quarter earnings report and benefited from increased expectations that interest rates would soon go down.Lyft also received generally positive commentary from Wall Street analysts during the quarter, a response to the momentum building in the business. According to S&P Global Market Intelligence, the stock gained 15% in August.As you can see from the chart, it was a volatile month for the company, but Lyft took several steps higher during August.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool