Why Lyft Shares Surged 18% in November

Shares of Lyft (NASDAQ: LYFT) were moving higher last month as the ridesharing specialist benefited from a new alliance with a rival and some analyst upgrades. The upswing also came after the stock posted better-than-expected results in its third-quarter earnings report at the end of October.

According to data from S&P Global Market Intelligence, the stock finished the month up 18%. As you can see from the chart below, those gains mostly came in the second half of the month.

Source Fool.com