Lyft experienced a 3.69% decrease in insider positions, with 15,407 shares sold over the past ninety days. Institutional investors own 83.07% of the company, with notable increases from California State Teachers Retirement System and Wealth Enhancement Advisory Services. Analysts have lowered Lyft's price target, with a consensus rating of "Hold" and an average target price of $16.66, while the stock traded down 10% to $11.66 recently.
lyft insider trades and hedge fund activity impact stock performance
Lyft's director now holds 911,922 shares valued at over $11 million after a recent sale, reflecting a 0.27% decrease in ownership. Insiders have sold 15,407 shares in the past three months, while hedge funds increased their stakes significantly, owning 83.07% of the company. Analysts have downgraded Lyft's stock rating, with a consensus price target of $16.69, as the company faces challenges despite a recent stock buyback authorization of $500 million.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.