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Uber Slumps, Lyft Soars. Why the Ride-Sharing Stocks Are Headed in Opposite Directions.

Angela Palumbo
·4-min read
Uber Slumps, Lyft Soars. Why the Ride-Sharing Stocks Are Headed in Opposite Directions.

While Lyft shares are rallying Wednesday following a well-received March quarter earnings report, shares of Uber Technologies are losing ground in response to its results. While Uber shares closed 5.7% lower on Wednesday, Lyft ended the day 7.1% higher. Sure, they compete in ride-sharing in the U.S. But Uber is far larger and more complex, offering not just ride-sharing, but also food and grocery delivery and freight services.

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