Why Uber Stock Is Soaring Today
(NYSE: UBER) stock is posting big gains in Wednesday's trading. The company's share price was up 11.4% as of noon ET today, according to data from S&P Global Market Intelligence.
Uber published a press release before the market opened this morning announcing that it would be buying back stock for the first time in its history. The announcement said that the company's board of directors had authorized up to $7 billion in share repurchases.
It's also possible that Uber stock is getting a lift from recent results published by a major competitor.
Source Fool.com
Uber Technologies Inc Stock
€61.03
-0.080%
The stock is one of the favorites of our community with 76 Buy predictions and 3 Sell predictions.
With a target price of 92 € there is a hugely positive potential of 50.75% for Uber Technologies Inc compared to the current price of 61.03 €.
