Uber Technologies Inc. Stock Falls Tuesday, Underperforms Market

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Communication Services : Media | Small Cap Growth

Company profile

Innovid Corp. is an independent software platform that provides ad-serving and creative services for the creation, delivery, and measurement of television (TV) ads across connected TV (CTV), mobile TV and desktop TV environments to advertisers, publishers and media agencies. The Company serves various TV advertisers, including Anheuser-Busch InBev, CVS Pharmacy, Kellogg’s, Mercedes-Benz, Target, Sanofi and Volvo. It offers Ad serving solutions, including Campaign Submission Form, which is a Web-based portal used by clients to submit all advertising campaign information and creative assets; Campaign Management Tool, which is its platform portal for campaign implementation and management and Analytics Dashboard, which provides unified visualization of ad performance filterable by delivery, audience reach, device breakdown, viewability, verification and more. It also offers Adobe and Google Web Designer plug-ins to streamline ad creation and data feed mapping.

Uber Technologies Inc. Stock Falls Tuesday, Underperforms Market

5:27 pm ET November 22, 2022 (MarketWatch) Print

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

Shares of Uber Technologies Inc. (UBER) dropped 0.60% to $28.08 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.36% to 11,174.41 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. This was the stock's second consecutive day of losses. Uber Technologies Inc. closed $17.82 short of its 52-week high ($45.90), which the company reached on January 5th.

The stock underperformed when compared to some of its competitors Tuesday, as Lyft Inc. Cl A (LYFT) remained unchanged. Trading volume (20.4 M) remained 7.8 million below its 50-day average volume of 28.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.

(END) Dow Jones Newswires

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