Lyft Slumps 2.22% as $290M Volume Ranks 393rd Amid Tech Sell-off and EV Gains

Lyft (LYFT) closed 2.22% lower on Sept. 25 with a trading volume of $290 million, ranking 393rd in U.S. equity market activity. The ride-hailing platform's shares underperformed despite mixed sectoral trends as investors digested earnings reports and macroeconomic indicators.

Analysts noted that LYFT's decline aligned with broader risk-off sentiment in tech stocks following a Fed official's hawkish remarks. The stock's poor relative performance contrasted with recent gains in EV-related equities, though no direct earnings report or corporate action from Lyft was cited as an immediate catalyst. Institutional selling pressure appeared concentrated in mid-cap technology names during late afternoon trading.

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