Why Uber Stock Was Pulling Back Today
Shares of Uber Technologies (NYSE: UBER) were stuck in a rut today as the transportation specialist seemed to take a hit from a legal dispute in the European Union (EU) as the company threatened to pull its drivers out of that region, pending a new legal requirement.
As of 11:29 a.m. ET on Thursday, the stock was down 4.3%. Meanwhile, the S 500 was down more than 1% in response to the Fed's forecast yesterday of an additional rate hike before the end of the year.
Image source: Uber.
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 €.
