Basically I always suspect every IPO to have a period of rising stock prices, and eventually it will dwindle. That's just the way the market works. You can't expect prices to rise indefinitely. Some corrections come sooner than others. I find it much more healthy for Lyft to not have an extreme correction at least.
Note I'm not invested in Lyft or any related company (Uber), I'm just a humble novice investor.
https://en.wikipedia.org/wiki/Market_correction
Basically I always suspect every IPO to have a period of rising stock prices, and eventually it will dwindle. That's just the way the market works. You can't expect prices to rise indefinitely. Some corrections come sooner than others. I find it much more healthy for Lyft to not have an extreme correction at least.
Note I'm not invested in Lyft or any related company (Uber), I'm just a humble novice investor.