The market has been down on LYFT Inc (LYFT) stock recently. LYFT gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With LYFT Stock Today?
LYFT Inc (LYFT) stock has risen 3.13% while the S&P 500 has fallen -1.63% as of 12:02 PM on Tuesday, Oct 20. LYFT has risen $0.77 from the previous closing price of $24.63 on volume of 5,695,842 shares. Over the past year the S&P 500 has gained 13.98% while LYFT has fallen -37.87%. LYFT lost -$5.48 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for LYFT Inc click here.
More About LYFT Inc
Lyft is the second largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft has recently entered the Canadian market, in efforts to expand its market outside of the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multi-modal transportation options to users.
Click Here to get the full Stock Score Report on LYFT Inc (LYFT) Stock.
