- It's not exactly new news, but taxi medallion prices are heading south. As CNBC reports, NYC medallion prices averaged about $800K in Q1, roughly 20% below four years ago.
- Medallion Financial (TAXI -8.3%) gets a mention during the segment, as does the company's note that 90% of its earnings come from outside the taxi business.
- Previously: Uber in talks for $1B credit facility (May 22)
- Previously: Icahn invests $100M in top Uber rival Lyft (May 15)
TAXI tumbles as CNBC reports on sliding medallion prices
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About MFIN Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| MFIN | - | - |
| Medallion Financial Corp. | ||