4Lyft (LYFT)
Ride-sharing giant Lyft (NASDAQ:LYFT) has been punished by coronavirus fears in February, with shares dropping 20% off their February highs.
At present, these concerns seem grossly overstated. There is no U.S. outbreak outside of individuals who have a direct connection with Wuhan, and the number of U.S. cases is far less than a hundred. All cases are quarantined. Consumers aren’t doing much different at the moment besides washing their hands more regularly, and there isn’t a level of hysteria on the ground-level.
