Lyft will move double digits on earnings, says the options market

when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.

"The company went public just a few months ago. They had one quarter out of the gate, the stock traded down about 11% after those results, but the options market is implying about a 10% move in either direction [on Wednesday]. That's about $6.50, and that's a pretty hefty implied move for a stock with such little history."

"The average price has basically been $61 or so," said Nathan, "It's trading a little bit below that, so obviously some support here." The stock was trading at $58.95 a share on Wednesday, up 0.5%. "That's why that implied move is so high, because they're so expensive here. I would expect that to come in afterwards," said Nathan.

👀👀👀

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber and Lyft earnings battle could be replacing the price warRide-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war...
Source: MarketWatch - 🏆 3. / 97 Read more »

Uber and Lyft earnings battle could be replacing the price warRide-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war...
Source: MarketWatch - 🏆 3. / 97 Read more »