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Benzinga
Benzinga
Business
Melanie Schaffer

How To Trade Lyft Into Q3 Earnings: Has Stock Bottomed Or More Pain Ahead?

Lyft, Inc (NASDAQ:LYFT) is set to print its third-quarter earnings after the markets close on Monday. The stock has been heavily beaten down since reaching an all-time high of $68.28 on March 18, 2021.

When the mobility service and ride-share company printed a massive second-quarter beat on Aug. 4, the stock rallied over 15% the following day but subsequently continued in its downtrend, which brought Lyft to an Oct. 11 all-time low of $10.83.

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