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Lyft's stock slump continues in its third trading day

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Shares of Lyft continued to fall Tuesday after an analyst said its stock price required 'a big leap of faith.'

Shares of Lyft were down 3.5 percent in early morning trading Tuesday as the stock enters its third day on the public market.

Analyst skepticism sent the stock down further Tuesday, with Seaport Global Securities initiating coverage of the stock with a sell rating and 12-month price target of $42 per share.

 

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Somebody needs to step up and manipulate it just like the s&p. Thats the only way it rolls in this market.

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