Uber stock price sinks as Lyft rises: Why Wall Street is shifting gears on the ride-hailing giants
![Uber stock price sinks as Lyft rises: Why Wall Street is shifting gears on the ride-hailing giants](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/05/p-1-91121004-uber-stock-price-drops.jpg)
Both firms posted guidance for the current quarter, but while Lyft investors seemed pleased, Uber’s projections underwhelmed.
When it comes to the stocks of America’s two biggest ride-sharers, their current fortunes are polar opposites this morning. As of the time of this writing, Lyft shares are up nearly 5.5% in premarket trading to just over $17.50. Meanwhile, Uber shares are currently down over 6.5% to around $65.70.