div > div.group > p:first-child"> Lyft – Shares of Lyft are down 1.3 percent after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company's valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft's IPO was $72. Lyft has been trading under its initial IPO price since Monday. Ward said that buying Lyft's stock requires a"big leap of faith.
Walgreens – Shares of Walgreens dropped 12.2 percent after the drugstore chain reported lower-than-expected second-quarter earnings and reduced its full year earnings forecast for 2019. Walgreens reported earnings of $1.64 per share, 8 cents lower than expected, and revenues of $34.528 billion, $27 million below estimates.
Can we give credit where credit is due?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Boeing, Wells Fargo, Lyft, Nio, Disney & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks under pressure | Lyft tumbles | Whole Foods to slash pricesA modestly lower open appears to be in store for Wall Street, after a strong Monday rally. $LYFT $40 at best.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO seasonThe major indexes finished Wednesday in the red. Jim Cramer says expect the selling to continue as big funds build capital to buy IPOs Crazy... Cash loser forever Bullshit. Again jimcramer doesn't know what the hell he is talking about. Why are the Democrats not enraged over one person one vehicle transportation?
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500, Nasdaq snaps 2-session skid but 10-year Treasury yield near 2017 low keeps stock market in checkU.S. stock benchmarks on Tuesday gained but finished well off their best levels of the session as equity-market investors wrestled with falling yields that...
Source: MarketWatch - 🏆 3. / 97 Read more »
Airline stocks jump after Delta raises first-quarter earnings guidance on strong demandDelta's shares jumped 4.6 percent while United and American rose 3.8 percent and 1.4 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading higher Tuesday morning.
Source: CNBC - 🏆 12. / 72 Read more »