Zacks.com users have recently been watching Uber (UBER) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Uber shares jumped based on the event, but a showdown is coming.
Uber (UBER) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Uber Technologies (UBER) stock price went parabolic last week, soaring to a record high of $86 as investors focused on Tesla's robotaxi event. It has been one of the best-performing companies this year as its stock has jumped by over 40%.
Uber Technologies Inc. (NYSE: UBER) saw its stock surge by 10.81% on Friday, closing at $86.34. This unexpected rise followed Tesla's (NASDAQ: TSLA) much-anticipated robotaxi reveal, which had initially raised concerns among investors about potential competition in the ride-hailing business.
To get the latest market news check out finance.yahoo.com Shares of the ride-hailing company Uber (UBER) and its chief rival, Lyft (LYFT), both rose more than 10% Friday afternoon, with Uber reaching record levels as investors appeared unimpressed with Tesla's robotaxi unveiling. Tesla has envisioned a fleet of driverless taxis that users could summon on their phones, which could pose new competition to the app-based transportation platforms.
Major U.S. equities indexes ticked higher during the week's final trading session as the latest Producer Price Index (PPI) data showed wholesale prices remained flat in September after rising 0.2% in the previous month.
Rideshare app drivers have been getting locked out of the two apps – with messages that flash “unable to go online” or tell drivers to go to a busier location – for minutes or hours at a time.
Tesla Inc's TSLA recent "We, Robot" event, which showcased the CyberCab and RoboVan, left many wondering how it might impact the rideshare space.
Shares of Uber Technologies (UBER) jumped to a record high on Friday after Tesla's (TSLA) much-anticipated robotaxi launch event failed to live up to ridesharing investors' fears.
Tesla's Robotaxi Day could impact Uber Technologies, Inc.‘s UBER stock performance and long-term valuation, as analysts see potential gains in Uber's network value from a growing autonomous vehicle market.
Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it's turned into a boon for the stock instead.