Microsoft Corp. Stock Falls Monday, Underperforms Market

Lyft Inc

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Industrials : Road & Rail | Small Cap Value

Company profile

Lyft, Inc. owns and operates multimodal transportation networks in the United States and Canada that offer access to a variety of transportation options through its platform and mobile-based applications. The Lyft Platform provides a marketplace where drivers are matched with riders via the Lyft App. Transportation options through the Company's platform and mobile-based applications are comprised of its ridesharing marketplace that connects drivers and riders in cities across the United States and Canada; Lyft's network of Light Vehicles; the Express Drive program, where drivers can enter into short-term rental agreements with Flexdrive or a third party for vehicles is used to provide ridesharing services, and Lyft Rentals, a consumer offering for users who want to rent a car for a fixed period of time for personal use, and Lyft Driver Centers and Lyft Auto Care, where drivers and riders can request auto maintenance and collision repair services offered through the Lyft Platform.

Microsoft Corp. Stock Falls Monday, Underperforms Market

4:32 pm ET May 9, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microsoft Corp. (MSFT) shed 3.69% to $264.58 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 3.20% to 3,991.24 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Microsoft Corp. closed $85.09 below its 52-week high ($349.67), which the company achieved on November 22nd.

The stock underperformed when compared to some of its competitors Monday, as Apple Inc. (AAPL) fell 3.32% to $152.06, Alphabet Inc. Cl A (GOOGL) fell 2.80% to $2,250.22, and SAP SE ADR (SAP.XE) fell 0.17% to $95.98. Trading volume (46.8 M) eclipsed its 50-day average volume of 32.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2022.

(END) Dow Jones Newswires

May 09, 2022 16:32 ET (20:32 GMT)