Ups and downs: Lyft slowed down and CarParts gained momentum

Ups and downs: Lyft slowed down and CarParts gained momentum
Photo by Austin Distel / Unsplash

Here's a recap of the week. We've reviewed the companies whose stocks have seen the sharpest movement these days.

πŸ“ˆ 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.

πŸ“‰ 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.

πŸ“Œ Read more about these and other companies and why this happened in a review in the Pulse. Follow the link, read and comment!