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Lyft Stock Surges 20% after IPO – This Analyst Warns Investors to Run

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By CCN.com: Lyft is now a publicly traded company, and retail investors are clamoring for a slice. Shares roared at the open to $87, considerably higher than the $72 sale price. This 20% bump is an impressive showing, but is it enough to make Lyft a strong buy? Retail Investors Pile into Lyft after Friday IPO Already, the stock has given up 8% of these gains and is threatening a break below $80. As of 2:18 pm ET, Lyft shares were trading at $80.68 for a gain of 11.87%. One analyst believes it would be an absolute disastrous move to

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* First published on ccn.com

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