Stock Market Today, Feb. 11: Lyft Shares Plunge After Revenue Miss and Weak Ride Metrics

Lyft (NASDAQ:LYFT), a provider of ride-hailing services in the U.S. and Canada, closed at $13.99, down 16.97%. The stock fell after fourth-quarter results showed a revenue miss, weaker ride metrics, and a cautious outlook. Investors are watching whether management can restore confidence in its long-term profitability targets. Trading volume reached 73.1 million shares, about 398% above its three-month average of 14.7 million shares. Lyft IPO'd in 2019 and has fallen 82% since going public. How the markets ...