Uber Technologies Inc. Stock Rallies 6.6%, Outperforms Market

Dow Jones02-08 05:36

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Uber Technologies Inc. rallied 6.6% to $74.60 on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.4% to 19,523.40 and Dow Jones Industrial Average falling 1.0% to 44,303.40.

This was the stock's second consecutive day of gains.

Uber Technologies Inc. closed 14.3% below its 52-week high of $87.00, which the company achieved on October 11th.

The stock demonstrated a mixed performance when compared to some of its competitors, as DoorDash Inc. fell 0.5% to $195.54, Nebius Group N.V. Cl A rose 10.4% to $38.13, and Lyft Inc. Cl A rose 0.71% to $14.17.

Trading volume totaled 81.7 million, compared to the 50-day average of 27.6 million.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 07, 2025 16:36 ET (21:36 GMT)

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