Lock up period for employees is expired. What’s next? Sell/Buy? Same question for Uber. Very tempting to get those stocks at high discount.
Just FYI I’m planning to dump all my investments to short UBER on the next trading day after I quit.
Make sure you quit in the trading window. GL.
What is the trading window?
Lyft lockup expiration has passed. It was 8/19
Some people had expected that Lyft's share price is significantly dropped today with lock-up period expired, but it didn't happen for whatever reason. https://www.cnbc.com/2019/08/19/analysts-lyft-insiders-not-selling-at-their-first-chance-since-ipo.html
This challenges conventional understanding of market mechanics, right?
Lockup expiration is priced into the stock before the lockup. As soon as there is an “expectation” of a drop, people will take the other side of the trade. Think about it - if you knew for certain a stock would fall next week, what would you do?
Wall Street had figured out the arbitrage here and hence you will not see the sides price movements
Lock up for Uber expires November. Unsure about Lyft
It’s supposed to be this week for lyft
Great for them