RBC Capital analysis yields favorable results for Uber over Lyft
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Popular stocks with increasing volume: BABA CCL M OXY SNAP LYFT FRC BAC NFLX SQ
March 28, 2023 9:48 AM EDTPopular stocks with increasing volume: BABA CCL M OXY SNAP LYFT FRC BAC NFLX SQ
... MoreWalgreens, Lyft, Alibaba rise premarket; Meta Platforms, Virgin Orbit fall
March 28, 2023 8:16 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, March 28th. Please refresh for updates.
Lyft shares reverse course after incoming CEO says company not for sale
March 28, 2023 8:04 AM EDTBy Aditya Soni
(Reuters) -Lyft Inc's shares were down 3% in mid-day trading on Tuesday after incoming Chief Executive Officer David Risher said the ride-hailing firm was not for sale.
The appointment of the new chief executive, who has run a non-profit for more than a decade, sparked some speculation that Lyft was preparing itself for sale. But Risher said "no" when asked in a Bloomberg interview if Lyft was for sale.
Wall Street initially cheered the management change at Lyft. The company has struggled to shake off a pandemic slump in its... More
CFTC hits Binance, Micron earnings, Netanyahu backs down - what's moving markets
March 28, 2023 7:15 AM EDTBy Geoffrey SmithÂ
Investing.com -- Bitcoin wobbles after U.S. regulators clamp down on Binance. House price and consumer confidence data are due, Walgreens and Micron report earnings and oil extend gains after surging on a combination of factors.
1. Crypto hit by CFTC action against Binance
Cryptocurrencies had the wind taken out of their sails as the Commodity Futures Trading Commission accused Binance of illegally selling its derivatives trading services in the U.S., the latest in a series of regulatory measures that appear aimed at walling off crypto from the... More
RBC Capital Reiterates Outperform Rating on Uber Inc. (UBER) on supply outperformance
March 28, 2023 6:08 AM EDTRBC Capital analyst Brad Erickson reiterated an Outperform rating and $46.00 price target on Uber Inc. (NYSE: UBER).
"Our latest qtrly U.S. ride-hailing driver supply analysis yielded continued favorable results for UBER relative to LYFT, in our view. UBER's pick-up... More
