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Lyft Shares Continue To Dip

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Lyft shares have fallen 30% since the stock first hit the market in late March. Business Insider reports the company's fallen 11% from the company's first closing price. Volatile trading isn't uncommon for newly public companies. Typically, short sellers swoop in and try to capitalize on when IPOs early hype wearing off. Facebook debuted in 2012. It saw a similar trajectory in its first few days of trade before recapturing its IPO price over a year later.

Added on the 11/04/2019 06:21:21 - Copyright : Wochit

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