Published on 5 Aug 2022 on Market Watch
Uber Technologies Inc. stock underperforms Friday when compared to competitors despite daily gains
Shares of Uber Technologies Inc. inched 0.50% higher to $32.01 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.23% to 32,803.47 and the NASDAQ Composite Index falling 0.50% to 12,657.55. This was the stock's eighth consecutive day of gains. Uber Technologies Inc. closed $16.87 short of its 52-week high ($48.88), which the company achieved on October 8th.
The stock underperformed when compared to some of its competitors Friday, as Lyft Inc. Cl A rose 16.62% to $20.28, Waitr Holdings Inc. rose 9.56% to $0.47, and HyreCar Inc. rose 18.31% to $0.84. Trading volume (39.9 M) eclipsed its 50-day average volume of 32.2 M.