Uber Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors

Socket Mobile Inc

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Company profile

Socket Mobile, Inc. is a provider of data capture and delivery solutions in workforce mobilization. The Company's data capture solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation, and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. Its primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. Its products work with applications running on smartphones, mobile computers, and tablets. It offers software developer kit (Capture-SDK) to application providers, which enables them to provide their consumers its barcode scanning features. Its products are integrated by the application providers and are marketed by the application providers or their resellers.

Uber Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors

5:27 pm ET November 9, 2022 (MarketWatch) Print

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

Shares of Uber Technologies Inc. (UBER) slid 3.24% to $26.55 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.48% to 10,353.17 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's sixth consecutive day of losses. Uber Technologies Inc. closed $20.11 short of its 52-week high ($46.66), which the company achieved on November 16th.

The stock underperformed when compared to some of its competitors Wednesday, as Lyft Inc. Cl A (LYFT) fell 2.39% to $10.64, Waitr Holdings Inc. (WTRH) fell 1.14% to $0.14, and HyreCar Inc. (HYRE) fell 2.33% to $0.68. Trading volume (20.8 M) remained 6.6 million below its 50-day average volume of 27.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 17:27 ET (22:27 GMT)