Why Uber Technologies Stock Tumbled Today
Shares of Uber Technologies (NYSE: UBER) were sliding again today, as the ridesharing giant continued to get pounded by the coronavirus sell-off. Uber, which operates around most of the world, has been particularly sensitive to coronavirus fears, with investors believing that riders will be less likely to use shared vehicles if the outbreak gets worse.
Uber shares closed down 11.1% while rival Lyft was down 8.9%. The S&P 500, meanwhile, closed down 7.6%.
Image source: Uber.
Source Fool.com
