Lyft sinks 12%, falls below IPO price

Shares of Lyft sank almost 12 percent Monday, falling below the stock's IPO price in its second day of trading on the public market.

"Falling below its IPO price is a gut punch for investors and Lyft," Wedbush managing director Dan Ives said in a statement to CNBC."This is a pivotal few weeks of trading ahead to gauge Street demand for the name as valuation and profitability continue to be the wild cards for tech investors."

Highway Robbers

Winner's Curse! Winner's Curse! So, how many shares actually sold or are they still dumping? It will take awhile for price discovery. Retailers should consider staying on the sideline, the company won't disappear in the next 6-months to a year. THIS IS NOT INVESTMENT ADVICE!

For now.... So feel good about yourselves “poor people,” but in a year or two this stock will blow up. That’s how this works. buynow

Looks like they could... Nevermind.

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Lyft falls below IPO price on its second day of tradingShares of Lyft traded as low as $69.12 a share on Monday, its second day of trading. That's more than 20 percent below its Friday intraday high of $88.60. Lyft is a bankers scam to sell shares, stay away mr_jettlife Bring on Steve Weiss who pumped the stock on Friday - said he bought more at open at $87
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