Published on 12 Apr 2024 on Zacks via Yahoo Finance

Investors Heavily Search Uber Technologies, Inc. (UBER): Here is What You Need to Know

Uber Technologies (UBER) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this ride-hailing company have returned -1.9% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Internet - Services industry, to which Uber belongs, has gained 13.6% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.