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Shannon Stapleton | Reuters
Signaling for Lyft is visible at NASDAQ MarketSite in Times Square on its IPO on the NASDAQ Stock Market in New York, USA, on March 29, 2019.
The four-day Lyft stock faced a new threat: short sellers.
The short-term interest adds uncertainty to Lyft who already had a difficult start to his public offering. The title jumped 9% in its debut, then 12% on its second day of trading. It is always difficult to return to its introductory price at $ 72.
"Even successful businesses often stumble," said Pierson, pointing out that Facebook shares had fallen more than 50 percent in the first three months of trading.
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