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Uber’s (UBER) stock has outperformed the market this year, gaining more than 50% in the year to date, significantly outperforming the S&P 500 Index’s ($SPX) more modest 9.9% rise. The stock reached an all-time high above $97, although it has since pulled back.
Although it likely needs no introduction, Uber is a global ride-hailing and mobility company. Its platforms connect millions of riders, offering grocery and grocery delivery, as well as freight logistics. The company manages approximately 36 million trips daily, with more than 180 million monthly active users.
