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Why Uber Stock Is Tapping The Brakes Today

Uber Technologies Inc (NYSE: UBER) shares are trading lower Wednesday after Amazon.com Inc (NASDAQ: AMZN) acquired a 2% stake in competitor company Grubhub.

Benzinga

3 Beaten-Down Stocks That Are Still Overvalued

Investors’ concerns over an upcoming recession due to the Fed’s continued monetary policy tightening have led to a massive tech sell-off lately. Although the industry’s long-term growth prospects should help fundamentally sound stocks rebound soon, it is best to avoid beaten-down stocks, Uber Technologies (UBER), Shopify (SHOP), and Snowflake (SNOW),…

StockNews.com

Tired Of DoorDash Drivers Stealing Your Fries? This Company Provides A Fix

Circuit Route Planner is a route optimization app targeted toward delivery drivers who work for companies such as UberEats, part of Uber Technologies Inc (NYSE: UBER), DoorDash Inc (NYSE:

Benzinga

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Stocks to Avoid: 3 Popular Companies That Recently Initiated Cost-Cutting Measures

Technology stocks have suffered a massive sell-off this year on investor concerns about the Federal Reserve's aggressive interest rate increases to fight record-high inflation, ongoing geopolitical crises, and a potential economic slowdown. Several hard-hit tech companies have initiated cost-cutting measures of late. Thus, it could be wise to now avoid…

StockNews.com

Why Uber Shares Are Diving Today

Shares of several companies in the broader industrial sector, including Uber Technologies Inc (NYSE: UBER), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week.

Benzinga

Coming Soon: Order A Tesla Or Polestar For Your Uber Ride Across The World In These Cities

Uber Technologies Inc (NYSE: UBER) will soon let users in select cities across the world book a Tesla Inc (NASDAQ: TSLA) or a Polestar electric vehicle for their rides

Benzinga

Avoid These 5 Popular Stocks That Still Look Expensive

Concerns over a possible recession because of the Fed’s aggressive interest rate hike to control the surging inflation have led to massive selling pressure in the stock market over the past few weeks. Despite significant price declines, large-cap stocks Uber Technologies (UBER), NIO (NIO), Snap (SNAP), Lucid Group (LCID), and…

StockNews.com

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Should You Scoop Up Shares of Uber Under $25?

Currently trading at less than $25, the shares of leading ride-hailing company Uber Technologies (UBER) declined nearly 2% in price in premarket trading on news that the company's CEO intends to cut spending and reduce hiring. So, with this development in mind, let's evaluate if it's worth betting on the…

StockNews.com

Uber CEO Calls For Cost Cutting, Treating Hiring As Privilege Amid Seismic Market Shift: Report

Uber Technologies Inc (NYSE: UBER) will cut costs to turn into a leaner business model to address a “seismic shift” in investor sentiment, CNBC reported o

Benzinga

CNBC's Final Trades: Uber Technologies, Charter Communications, iShares 1-3 Year Treasury Bond ETF And This Travel Stock

On CNBC’s “Halftime Report Final Trades,” Pete Najarian named Uber Technologies Inc (NYSE: UBER) as his pick.

Benzinga

Why Uber Technologies Could Make 'Quite A Move'

Shares of Uber Technologies Inc (NYSE: UBER) fell close to 5% on Wednesday after the company reported its first-quarter print.

Benzinga

Albertsons, Uber Expand Partnership To 2,000+ Stores Nationwide

Albertsons Companies Inc (NYSE:ACI) and Uber Technologies Inc (NYSE:UBER) have expanded their partnership to include more than 2,000 of the grocer's banner stores nationwide through Uber Eats. Some of the banner stores included are Albertsons, Safeway, Jewel-Osco, ACME, Tom Thumb, and Randalls. The expansion will bring nearly 800 new locations to Uber Eats, including consumers…

Benzinga

Peering Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has risen 8.03% since its last report. The company recently reported that it has 73.73 million shares sold short, which is 4.17% of all regular shares that are available for trading.

Benzinga

Uber, Lyft scrap mask requirement for US riders, drivers

Uber Technologies Inc. and Lyft Inc. will no longer ask riders and drivers in the U.S. to wear masks, joining a growing number of major transport providers shifting their policies.

Tribune News Service

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Benzinga

Uber Withdraws Mask Mandate In US

Uber Technologies Inc (NYSE: UBER) lifted its mask mandate for riders and drivers in the U.S.

StockNews.com

4 Gig Economy Stocks Wall Street Predicts Will Rally 48% or More

The gig economy has grown substantially, accounting for one third of the American workforce in 2021. And rising inflation is driving an increase in gig work participation. With the global gig economy expected to continue growing, Wall Street expects the stocks of gig economy companies DoorDash (DASH), Lyft (LYFT), Upwork…

Benzinga

Lyft, Uber Face Flak For Initiating Surge After Dreadful Subway Attack; Look To Refund Riders

Lyft Inc (NASDAQ:LYFT) suspended its surge pricing citywide on April 12 after the horrific subway attack that injured at least 29 people, the New York Post reports. Larger rival Uber Technologies Inc (NYSE:UBER) restricted its suspension of demand-based rates to Brooklyn, where the shooting occurred. The shooting, around 8:30 a.m, had snapped train service…

Benzinga

Peering Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has fallen 19.25% since its last report. The company recently reported that it has 68.26 million shares sold short, which is 3.86% of all regular shares that are available for trading.

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Benzinga

Feds Seize $34M In Bitcoin From Hacker Selling Data On Dark Web

United States prosecutors confiscated about $34 million in cryptocurrency from a Florida man who sold stolen account credentials for services such as Netflix Inc. (NASDAQ: NFLX), HBO and Uber Technologies Inc. (NYSE:

Benzinga

Should Lyft and DoorDash Merge To Better Compete With Uber? Analyst Pierre Ferragu Thinks So

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers. The combination of food…

Benzinga

Uber Goes Aggressive In One Of Its Leading Market Following Pandemic Recovery

Uber Technologies Inc (NYSE: UBER) looks to add long-distance travel bookings to its U.K.

Benzinga

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

Benzinga

Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's (NASDAQ:GRAB) technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports. Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the…

Benzinga

Instacart Cuts Valuation By 40%: Bloomberg

American grocery company Instacart Inc has slashed its valuation by 40% to about $24 billion, Bloomberg reported. The food-delivery startup had been valued at $39 billion in its most recent fundraising round, the report added. The pandemic darling hoped the move to boost talent retention. Factors like higher interest rates, inflation, and a…

Benzinga

BP To Inject £1B In UK Electric Vehicle Charging Infrastructure

BP plc (NYSE:BP) has announced a £1 billion investment for the U.K. electric vehicle (EV) charging infrastructure over ten (10) years. The investment, which will see a tripling of charging points by 2030, was unveiled during an official visit by Transport Secretary Grant Shapps to BP pulse's UK headquarters in Milton Keynes. It…

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