(VIANEWS) – Lyft Inc. announced Tuesday that nearly half the offices it has in its four corporate offices will be subleased because of flexible work arrangements.

MarketWatch reports that ride-hailing firm will place 275,000 out of 615,000. This is in addition to its San Francisco headquarters and New York City, Nashville, Seattle. A spokeswoman confirmed earlier Bloomberg news.

Shares of Lyft (NASDAQ: LYFT) jumped by a staggering 25.08% in 30 days from $12.51 to $15.65 at 12:44 EST on Thursday, following the last session’s upward trend. NASDAQ is jumping 0.89% to $12,541.65, following the last session’s upward trend.

Lyft’s last close was $15.39, 73.36% below its 52-week high of $57.76.

Lyft, Inc. is a peer to-peer platform for ridesharing on demand in Canada and the United States. Multimodal transportation networks are operated by the company that provide riders with personalized, on-demand access and a variety of mobility options. The company offers Ridesharing Marketplace that connects riders with drivers, Express Drive for flexible car rental programs for drivers, Lyft Rentals for long-distance trips, and Lyft Rentals which provides cars for riders on short trips. It also has a network shared bicycles and scooters throughout various cities. Lyft integrates data from third parties to provide riders with a variety of transportation options. It also offers autonomous vehicles, centralized tools, and enterprise transportation solutions such as concierge transport solutions for companies; Lyft pink subscription plans; Lyft Pass commuter program; first-mile or last-mile services; university safe ride programs. Prior to April 2013, the company was known as Zimride, Inc., and it changed its name from Lyft, Inc. Lyft, Inc., was founded in 2007, and has its headquarters in San Francisco, California.

Volume

Today’s last reported volume for Lyft is 4300019 which is 67.44% below its average volume of 13210391.

Lyft’s Sales

Lyft’s sales growth is 41.8% for the present quarter and 31.4% for the next. The company’s growth estimates for the present quarter and the next is 60% and 120%, respectively.

Lyft’s Revenue

Year-on-year quarterly revenue growth grew by 70.2%, now sitting on 3.21B for the twelve trailing months.

Volatility

Lyft’s last week, last month’s, and last quarter’s current intraday variation average was a negative 3.91%, a positive 0.99%, and a positive 4.63%, respectively.

Lyft’s highest amplitude of average volatility was 4.01% (last week), 4.94% (last month), and 4.63% (last quarter), respectively.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Lyft’s stock is considered to be overbought (>=80).

Lyft’s Stock Yearly Top and Bottom Value

Lyft’s stock is valued at $15.65 at 12:44 EST, way under its 52-week high of $57.76 and way higher than its 52-week low of $11.96.

Lyft’s Moving Average

Lyft’s value is below its 50-day moving average of $15.75 and way below its 200-day moving average of $34.53.

Previous days news about Lyft (LYFT)

  • Lyft to offer its office space in four cities for sublease. According to MarketWatch on Wednesday, 24 August, “The company is kicking off its subleasing efforts with brokers this week, a Lyft spokeswoman said. “, “Also: Lyft stock rises as riders, drivers and rides hit highest points since pandemic began”

More news about Lyft (LYFT).

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