Followers | 683 |
Posts | 142179 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Tuesday, April 19, 2022 2:44:56 PM
By: Schaeffer's Investment Research | April 19, 2022
• Both Uber and Lyft will no longer require riders or drivers to wear a mask
• Both equities are still sporting sizeable year-over-year deficits
Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are on the rise today after both companies announced they were lifting their mask mandates for both drivers and passengers, starting today. This update comes after a Florida judge said on Monday that the Center for Disease Control and Prevention's (CDC) mask requirements on airplanes and public transportation overstepped their authority, with mask mandates being lifted by the Transportation Security Administration (TSA) as well as most major airlines.
At last check, UBER was seen up 5.4% at $33.49, still a long ways from its February highs above the $62 level, but set to close atop its 10-day moving average for the first time since April 4. It's been a choppy ride lower for Uber stock since that peak, with the stock shedding 42% in the past 12 months. It's worth noting that Uber stock sits right on the cusp of being "oversold," with a 14-day Relative Strength Index (RSI) of 33, which could indicate a short-term bounce is on the horizon.
Things haven't been much easier for sector peer LYFT, which has dropped 41.3% in the past year, and is down 15% in 2022. The security was last seen up 5% at $36.35, as it tries to distance itself from its April 11 annual low of $32.35. Meanwhile, Lyft stock sport an RSI of 37.
Options traders remain bullish on Lyft stock. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), LYFT sports a 10-day call/put volume ratio of 5.15, which stands higher than all but 4% of readings from the past year. In other words, long calls have rarely been more popular in the past 12 months.
Uber stock's options pits reflect this optimism. In fact, at the ISE, CBOE, PHLX, 4.77 calls have been picked up for every put over the past two weeks. This ratio sits higher than 74% of annual readings, implying a healthier-than-usual appetite for long calls.
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent LYFT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:03:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:37:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:35:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:33:13 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:32:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:30:46 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:28:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:27:20 AM
- GME Volatile as Roaring Kitty Goes Live Today, Meta Unveils AI for WhatsApp Ads, and More • IH Market News • 06/07/2024 12:09:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 12:49:08 PM
- Lyft Provides 2027 Financial Targets at First Investor Day • Business Wire • 06/06/2024 12:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 11:27:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:05:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/29/2024 08:53:01 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/29/2024 08:06:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 01:38:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 01:36:35 AM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 08:42:16 PM
- Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News • IH Market News • 05/14/2024 11:26:02 AM
- Choppy Trading Likely To Persist On Wall Street • IH Market News • 05/09/2024 01:08:04 PM
- Dow Extends Winning Streak Amid Another Lackluster Session • IH Market News • 05/08/2024 08:42:00 PM
- Reddit Rises 15% After First Quarterly Report, Upstart and Twilio Plunge Due to Weak Q2 Forecast, and More in Earnings • IH Market News • 05/08/2024 12:23:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:07:27 PM
- Lyft Announces Results for First Quarter 2024 • Business Wire • 05/07/2024 08:05:00 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM