Lyft (LYFT) Laps the Stock Market: Here's Why

Lyft (LYFT) closed the most recent trading day at $17.26, moving +2.31% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.54%. Meanwhile, the Dow gained 1.05%, and the Nasdaq, a tech-heavy index, added 0.56%. Shares of the ride-hailing company have depreciated by 14.76% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.44%, and the S&P 500's gain of 0.74%.The investment community will be closely monitorin ...