Published on 9 Nov 2022 on Market Watch
Shares of Uber Technologies Inc. slid 3.24% to $26.55 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.48% to 10,353.17 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's sixth consecutive day of losses. Uber Technologies Inc. closed $20.11 short of its 52-week high ($46.66), which the company achieved on November 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Lyft Inc. Cl A fell 2.39% to $10.64, Waitr Holdings Inc. fell 1.14% to $0.14, and HyreCar Inc. fell 2.33% to $0.68. Trading volume (20.8 M) remained 6.6 million below its 50-day average volume of 27.5 M.