Uber Technologies Inc. Stock Falls Thursday, Underperforms Market
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Shares of Uber Technologies Inc. (UBER) shed 3.86% to $28.88 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.35% to 11,144.96 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Uber Technologies Inc. closed $17.02 short of its 52-week high ($45.90), which the company achieved on January 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Lyft Inc. Cl A (LYFT) fell 5.18% to $11.35, Waitr Holdings Inc. (WTRH) fell 2.46% to $0.12, and HyreCar Inc. (HYRE) rose 2.05% to $0.60. Trading volume (22.6 M) remained 6.2 million below its 50-day average volume of 28.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 17:27 ET (22:27 GMT)
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