Overall market sentiment has been neutral on LYFT Inc (LYFT) stock lately. LYFT receives a Neutral rating from InvestorsObserver’s Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With LYFT Stock Today?
LYFT Inc (LYFT) stock is lower by -4.34% while the S&P 500 is up 0.39% as of 3:26 PM on Friday, Nov 20. LYFT is lower by -$1.74 from the previous closing price of $40.11 on volume of 9,728,542 shares. Over the past year the S&P 500 has risen 15.23% while LYFT is lower by -12.70%. LYFT lost -$5.37 per share in the over the last 12 months.
More About LYFT Inc
Lyft is the second largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft has recently entered the Canadian market, in efforts to expand its market outside of the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multi-modal transportation options to users.