Why Lyft Stock Jumped 28% in November
Shares of Lyft (NASDAQ: LYFT), the No. 2 ride-hailing company in the U.S., were on the move last month. The transportation stock benefited from the Federal Reserve's decision to hold interest rates steady, and the company also reported solid third-quarter results that showed it was making progress toward profitability. The stock jumped again late in the month, but the reasons for that move were less clear.
According to data from S&P Global Market Intelligence, the stock finished the month up by 28%. Its gains came primarily in two separate rallies -- one at the beginning of the month, and one at the end.
Source Fool.com
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