Published on 9 Sep 2022 on Market Watch
Uber Technologies Inc. stock outperforms market on strong trading day
Shares of Uber Technologies Inc. rallied 3.59% to $31.78 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 2.11% to 12,112.31 and the Dow Jones Industrial Average rising 1.19% to 32,151.71. This was the stock's third consecutive day of gains. Uber Technologies Inc. closed $17.10 below its 52-week high ($48.88), which the company reached on October 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Lyft Inc. Cl A rose 5.47% to $18.11, Waitr Holdings Inc. fell 5.19% to $0.21, and HyreCar Inc. fell 4.38% to $1.31. Trading volume (28.0 M) eclipsed its 50-day average volume of 27.0 M.