Uber Technologies Inc. Stock Outperforms Market Despite Losses On The Day

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Meta Platforms Inc., formerly Facebook, Inc., builds technologies that help people find communities and grow businesses. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, wearables, and in-home devices. The Company operates through two segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes augmented and virtual reality-related consumer hardware, software, and content. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram is a place where people can express themselves through photos, videos, and private messaging, and connect with and shop from their favorite businesses and creators. Messenger is a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices.

Uber Technologies Inc. Stock Outperforms Market Despite Losses On The Day

5:28 pm ET November 3, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Uber Technologies Inc. (UBER) dropped 0.28% to $28.73 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.73% to 10,342.94 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's second consecutive day of losses. Uber Technologies Inc. closed $20.01 below its 52-week high ($48.74), which the company achieved on November 5th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Lyft Inc. Cl A (LYFT) fell 2.00% to $13.72, Waitr Holdings Inc. (WTRH) rose 0.45% to $0.15, and HyreCar Inc. (HYRE) rose 1.02% to $0.74. Trading volume (28.0 M) eclipsed its 50-day average volume of 26.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.

(END) Dow Jones Newswires

November 03, 2022 17:28 ET (21:28 GMT)