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Lyft team rings Nasdaq opening bell. Photo: Mario Tama/Getty Images

Investor blowback against Lyft has been fast and furious since the stock debuted last week.

Driving the news: Seaport Global analysts Michael Ward seared the company with a scathing "sell" recommendation on its third day of trading, notching a $42 target — $26 a share lower than its price at the time.

  • Short sellers have now joined the fray, with 12.4 million shares shorted at a value of $856 million, making the newly public company the 27th most shorted large U.S. stock. Short sellers have clamored to "rent" Lyft shares, paying an average of 101.40% borrow fee to bet against it. That's the highest fee of any domestic stock with more than $50 million of short interest, according to data from S3 Partners.
  • Carl Icahn sold his roughly 2.7% stake in the company, worth around $550 million based on the IPO price, before the company went public, the Wall Street Journal reported.

The bottom line: The stock opened well above its IPO price of $72 on the first day of trading, but has fallen by more than 20% from its first trade price.

Go deeper:

Go deeper

Maersk CEO: Global businesses should be wary of politics

Photo: "Axios on HBO"

The CEO of the world's largest container-shipping company cautions that international firms have to be careful of taking political stances.

  • What they're saying: "We cannot run a global business if we start to have views on politics in every single country that we are in," Maersk CEO Søren Skou tells "Axios on HBO."
Mike Allen, author of AM
12 mins ago - Economy & Business

Chamber of Commerce CEO Suzanne Clark defends overture to Democrats

U.S. Chamber of Commerce president and CEO Suzanne Clark told me on "Axios on HBO" that the business group was right to endorse vulnerable House Democrats last year, despite the flak that resulted from Republicans.

  • Clark, who took over the top job in March, said those House Democrats "had really helped push business's number one priority, which was the free trade agreement with Canada and Mexico, over the finish line."
  • "All of the Republicans that we work with on tax, on regulation — those people are really, really important to us," she added: "So we have to be willing to have a different coalition on every issue."

Top nuclear watchdog: "We are flying blind" without Iran deal

The head of the International Atomic Energy Agency tells "Axios on HBO" that it's "essential" to have a nuclear deal with Iran because otherwise "we are flying blind."

Driving the news: Director-General Rafael Mariano Grossi sat down with "Axios on HBO" at IAEA headquarters in Vienna, ahead of Iran's June 18 presidential election and a June 24 extension on negotiations seeking to restore curtailed surveillance of Iranian nuclear sites and salvage the 2015 deal.