Lyft, Inc. (NASDAQ:LYFT) shares are getting a lift on Monday continuing the stock’s upward momentum of the last five days.
What To Know:
Shares of LYFT are up by 18% over the last 30 days and are trading over 10% higher on Monday. Lyft’s ride-sharing competitor, Uber Technologies, Inc. (NYSE:UBER), has risen more than 35% over the past three months.
According to data from Benzinga, LYFT has garnered some attention from short sellers with 13.6% of available shares being sold short.
According to data from Benzinga Pro, nearly 12 million shares of LYFT have been traded on Monday compared to the 100-day average of 17.58 million shares.
Related News: Why Mobilicom Stock Is Soaring Monday
LYFT Price Action: According to data from Benzinga Pro, Lyft shares are trading 10.2% higher at $11.15 at the time of publication.
Image: SplitShire from Pixabay
