Uber Stock Scores Biggest 1-Day Price Gain Ever
Uber (NYSE: UBER) stock IPO'ed in May at $45 per share. Today, Uber stock closed under $41 -- and that's good news.
It's good news because, for pretty much its entire lifetime on the public markets, Uber has been a broken IPO -- a stock so disliked by investors that it's traded below its IPO price. And while Uber remains "broken" today, Friday saw the stock come the closest it's gotten yet, to returning to its IPO price, in the past six months.
Uber stock is finally ready to shift out of reverse. Image source: Getty Images.
Source Fool.com
