Why Uber Stock Is Soaring Today
(NYSE: UBER) stock is posting big gains in Wednesday's trading. The company's share price was up 11.4% as of noon ET today, according to data from S&P Global Market Intelligence.
Uber published a press release before the market opened this morning announcing that it would be buying back stock for the first time in its history. The announcement said that the company's board of directors had authorized up to $7 billion in share repurchases.
It's also possible that Uber stock is getting a lift from recent results published by a major competitor.
Source Fool.com
Uber Technologies Inc Stock
€58.91
-0.560%
With 70 Buy predictions and 1 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 78 € shows a positive potential of 32.41% compared to the current price of 58.91 € for Uber Technologies Inc.
