NYSTRS Increases Holdings in High-Performing Stocks
The New York State Teachers’ Retirement System (NYSTRS), one of the ten largest public retirement systems in the U.S., recently made strategic moves to increase its holdings in certain stocks…
BofA Securities Analyst Raises Price Objective for Uber
BofA Securities analyst Justin Post has expressed a more positive outlook on Uber Technologies Inc.'s stock (UBER), increasing his price objective from $44 to $51. The recent partnership between Uber…
Toyota’s Stake in Uber Halves After Ride-Sharing Firm Sold Autonomous Driving Unit
(Bloomberg) Toyota reported a holding of 22.4 billion yen or $165 million worth of shares in Uber in the fiscal year ending March. The holding is down from 61.9 billion…
Uber Stock Jumps on the News It Will List All Taxis in NYC on Its App
(WSJ) Uber stock rose more than 5% on Thursday after reaching a deal to list all taxis in the city of New York on its app. The move by Uber…
Uber Jumps 5% as It Upgrades Quarterly Guidance
(WSJ) Shares of Uber Technologies Inc. rose more than 5% on Monday after the company raised guidance for the first quarter of 2022, citing ridership recovery. Uber said that it…
Uber Wants to Pull Out of Didi Holding, Says Beijing Lacks Transparency
(Reuters) Uber Technology has said it is looking to relinquish its holdings in China’s Didi Global Inc., citing the lack of transparency by Beijing. Uber, which considers Didi non-strategic, says…
Uber Jumps on Talks With Careem to Bring Outside Investors Into the Company
(Reuters) Shares of ride-sharing giant Uber Technologies rose more than 2.62% in premarket on Tuesday on talks with the Middle East unit Careem to bring onboard outside investors. The investment…
Uber to Partner With Cannabis Retailer Tokyo Smoke to Deliver Marijuana in Ontario
(BBC.com) Ride-sharing firm Uber is partnering with marijuana seller Tokyo Smoke to allow users to order cannabis products on the Uber Eats app in Ontario, Canada. Uber Eats users will…
Uber CEO Boosts Stock After Purchasing 200K Shares
(SEC Filing) The shares of Uber Technologies Inc. jumped more than 5% on Tuesday after CEO Dara Khosrowshahi bought 200,000 shares at $45 apiece. The shares worth $9 million bring…
Uber’s EBITDA Gets into The Positive Territory as Revenues Jump 72% in Q3 2021
(Uber) Uber Technologies Inc. reported an adjusted EBITDA of $8 million in the third quarter of 2021, up $517 million from the second quarter and $633 from prior year. The…
Uber Q3 Earnings Analysis Preview: Stock Price Forecast
Uber stock is down 20% ahead of the Q3 report.Q3 revenue and earnings to show year-over-year improvement.Focus on being on the path to profitability and regulatory concerns. Uber Technologies Inc.…
Uber Enters Into a Car Rental Deal With Hertz to Offer up to 50,000 Tesla EVs
(Uber) Uber drivers in the US will have access to 50,000 fully electric Tesla vehicles by 2023 after the ride-sharing giant entered into a rental deal with Hertz. Uber’s deal…