LYFT Shares Fall 13.4% in the Past Month: Should You Buy the Dip?

Shares of ride-hailing company Lyft (LYFT) have not had a good time on the bourses lately, plunging 13.4% in the past 30 days. The double-digit decline has resulted in LYFT underperforming the Zacks Internet—Services industry, rival Uber Technologies (UBER) , and fellow industry player DoorDash (DASH) in the same timeframe.1-Month Price ComparisonImage Source: Zacks Investment ResearchCurrently trading at $11.48, the stock rebounded 28.6% from its 52-week low of $8.93. However, it still reflects a discount ...