Stocks and Investing Stocks and Investing
Thu, January 16, 2025
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Short squeeze is starting in shares of ANGO at $1 .. 5, after crossing above the $12.622 Trigger Price
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Short squeeze is starting in shares of FIHL at $1 .. 8, after crossing above the $16.766 Trigger Price
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Short squeeze is starting in shares of CCEL at $7 .. 502, after crossing above the $7.31 Trigger Price
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Short squeeze is starting in shares of AIQUF at $ .. 05, after crossing above the $162.5 Trigger Price
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Short squeeze is starting in shares of SILA at $2 .. 8, after crossing above the $24.237 Trigger Price
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Short squeeze is starting in shares of PHIO at $4 .. 72, after crossing above the $3.705 Trigger Price
[ 12:01 PM ] - MSN
What's Going On With Uber Stock?

What's Going On With Uber Stock?


Published on 2025-01-16 12:01:18 - MSN
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  • I recently upgraded Uber (NYSE: UBER) to become my top stock to buy in 2025. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free
  • *Stock prices used were the afternoon prices of Jan.

Uber Technologies Inc. has experienced a significant stock price increase, rising by 17% in a single trading session, which was the largest daily gain since its IPO in May 2019. This surge was triggered by the company reporting its first-ever operating profit, with an operating income of $326 million in the first quarter, compared to a loss in the same period the previous year. Additionally, Uber's revenue grew by 15% year-over-year to $10.13 billion, surpassing Wall Street expectations. The company also announced a $7 billion share buyback program, signaling strong confidence in its future profitability. Despite these positive developments, Uber's stock remains 30% below its IPO price, suggesting potential for further growth. The company's focus on cost-cutting, including layoffs and exiting unprofitable markets, has contributed to its improved financial health. However, challenges remain, such as regulatory issues and competition in the ride-hailing and delivery sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/what-s-going-on-with-uber-stock/ar-AA1xjQHM ]
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