By Stephen Nakrosis

Shares of ride-sharing companies Uber Technologies Inc., Lyft Inc. and HyreCar Inc. are trading higher Wednesday, a day after voters in California approved Proposition 22, allowing them to bypass a state law that would have required them to reclassify drivers as employees, rather than contract workers.

At 11:39 a.m. EST, shares of HyreCar were trading 14.52% higher, at $4.01. Volume at the time topped 203,000 shares, above the 65-day average volume of 162,466.

At 11:44 a.m. EST, Uber shares had gained 13.31%, to trade at $40.53. Volume topped 63.2 million shares, above the 65-day average volume of some 20.6 million.

At 11:46 a.m. EST, Lyft shares were 11.93% higher, at $29.39. Volume at the time topped 39.2 million shares, above the 65-day average volume of some 9.8 million.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 04, 2020 12:06 ET (17:06 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Lyft (NASDAQ:LYFT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Lyft Charts.
Lyft (NASDAQ:LYFT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Lyft Charts.