Published on 30 Jul 2022 on Market Watch
Uber Technologies Inc. stock rises Friday, still underperforms market
Shares of Uber Technologies Inc. inched 0.60% higher to $23.45 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.88% to 12,390.69 and the Dow Jones Industrial Average rising 0.97% to 32,845.13. This was the stock's third consecutive day of gains. Uber Technologies Inc. closed $25.43 short of its 52-week high ($48.88), which the company achieved on October 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Lyft Inc. Cl A fell 0.14% to $13.86, Waitr Holdings Inc. rose 1.95% to $0.35, and HyreCar Inc. fell 5.98% to $0.62. Trading volume (29.3 M) remained 306,339 below its 50-day average volume of 29.6 M.