On the second day of trading, Lyft Stock (LYFT) continued its plunge. The stock reached $67.78 in the last couple of minutes of trading before a handful of buyers jumped in at the close to push the stock to $69.01. The loss was 11.85% with the stock now well below its $72 original IPO and $88 opening high.
Lyft Stock (LYFT) 2 Day Stock Chart
The 2 day chart of Lyft below shows the plunge since the IPO went public on Friday, late morning.
Lyft Stock (LYFT) 2 Day Plunge
My Trades and Outlook In Lyft Stock For The First Week Of April 2019
The rest of this article is for members as I lay out the current positions I am holding, how I will try to repair the trade and at what point I would prefer a loss to holding the stock longer.
The rest of this trade alert and ideas article is for FullyInformed Members.
Lyft Stock (LYFT) Collapses On The Second Day Of Trading – April 1 2019
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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