Ups and downs: Lyft slowed down and CarParts gained momentum
Here's a recap of the week. We've reviewed the companies whose stocks have seen the sharpest movement these days.
π Online auto parts retailer CarParts was one of this week's growth leaders. Their stock is up 37.7% .
Investors were pleased with the retailer's report. The company managed to show a net profit of $2.1 million (compared to a loss of $2.7 million a year ago. Earnings per share were $0.04 compared to a loss of $0.06 a year earlier.
π Taxi service Lyft was the leader of the declines. Their stock is down 37%.
Shares of the cab aggregator collapsed after the release of weak forecasts. The company said it was increasing costs to attract more drivers to its platform.
π Read more about these and other companies and why this happened in a review in the Pulse. Follow the link, read and comment!