Lyft’s Market Meter’s Running: $15.86 on Earnings and Buybacks
Ridesharing Giant’s Q1 Triumph and $750M Buyback Program Ignite Investor Frenzy

Hold onto your phone, because Lyft, Inc. (NASDAQ: LYFT) is speeding through the market like it’s dodging rush-hour traffic! As of this morning, the ridesharing titan’s stock is cruising at a cool $15.856, a turbo-charged 21.97% jump from yesterday’s close of $13.00. With Wall Street buzzing louder than a five-star driver’s playlist, what’s got investors hailing this ride? Spoiler alert: it’s a cocktail of earnings surprises, a juicy share buyback, and a roadmap that’s got the market saying, “Take me to the moon!” Let’s buckle up and dissect this high-octane rally.
A Turbo Start to the Trading Day
When the Nasdaq kicked off today, Lyft didn’t just roll out of bed—it roared onto the scene at $14.655, already flexing its market muscle. By mid-morning, it was tearing up the charts, hitting an intraday high of $15.894 before settling at $15.856, with a low of $13.895 barely registering as a speed bump. With a market cap now revving at $5.24 billion, Lyft’s proving it’s no backseat passenger in the tech race. Intraday moves—$15.724 at 9:30 AM ET, $15.625 at 9:45 AM, and $15.856 by 10:15 AM—show buyers piling in like it’s a Friday night surge.
This isn’t a random detour, either. Lyft’s been gaining traction, climbing from a May 7 close of $12.59 and flirting with levels not seen since its yearly high of $19.065. For a stock that’s scraped as low as $8.925 in the past year, today’s 22% spike is like swapping a bicycle for a Tesla. So, what’s got the market so eager to tap “ride confirm”?
