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-0.0019984012789767 -0.00119904076738599 -0.00519584332533969 -0.00119904076738599 0.00359712230215827 0.00439648281374912 0.00519584332533983 -0.00119904076738599
Stock impact report

Activist investor Engine Capital nominated director candidates at Lyft, sources say [Yahoo! Finance Canada]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
The activist investor has pushed the company in recent weeks to address its sagging stock price and strategy, the sources said. The company has a dual class share structure, which has also been a point of friction for investors. Engine owned less than 1% of Lyft at the end of December, according to a regulatory filing. The company requires anyone who nominates directors to own at least 1% of the company, according to a filing made last year. Lyft currently has 10 board members. The company is currently valued at roughly $5 billion and its stock price has tumbled 37.4% in the last 52 weeks. A representative for Lyft was not immediately available for comment and a representative for Engine declined to comment. (Reporting by Svea Herbst-Bayliss; Edi Read more
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