Ride-Hailing stocks rally to strong weekly gains: Are the bulls back in control?

Ride-hailing stocks were in the limelight in the last couple of weeks. Shares of the ridesharing giants Uber and Lyft rebounded in recent weeks as the demand for ride-hailing continues to recover. However, both the stocks have fallen quite considerably in the first half of this year.

Uber and Lyft are the two largest rideshare companies. The ride-sharing platforms have been battling each other for dominance in the ride-hailing space for years. Uber, the world’s biggest ride-hailing operator is a technology provider that matches riders with drivers and food delivery service providers. While Lyft operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.

Why did stock prices of the ridesharing apps see a spurt in the last two months? - https://gulfbrokers.com/en/ride-hailing-stocks-rally-to-strong-weekly-gains-are-the-bulls-back-in-control