Why Uber Technologies Stock Was Soaring Today
Shares of Uber Technologies (NYSE: UBER) were skyrocketing after the ridesharing giant held a conference call that seemed to calm investors. The company has been one of the biggest losers on the stock market since the coronavirus sell-off began, as lockdown-style conditions in much of the country are clearly impacting demand for transportation.
Uber stock was up 40.3% as of 11:38 a.m. EDT.
Image source: Uber.
Source Fool.com
