UBER - Uber Technologies, Inc.
35.79 -0.03 (-0.08%)
After hours: 7:56PM EDT
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 36.32 |
| Open | 35.64 |
| Bid | 35.51 x 1400 |
| Ask | 35.68 x 900 |
| Day's Range | 35.16 - 36.39 |
| 52 Week Range | 13.71 - 47.08 |
| Volume | 21,554,725 |
| Avg. Volume | 38,946,809 |
| Market Cap | 62.112B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -6.66 |
| Earnings Date | Aug 06, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 38.02 |
- Motley Fool
Grubhub Says It Wants a Breakup Fee if Regulators Stop Uber’s Acquisition Deal
As food delivery service Grubhub (NYSE: GRUB) moves closer to a deal that would sell itself to Uber (NYSE: UBER), sources indicate that the closing might still be threatened by a new demand from Grubhub. While the two companies apparently came close to agreement on the sale price, expressed in terms of Uber stocks per Grubhub stock, talks may have reached an impasse over the latest development. Uber would pay this fee to the food delivery service if regulators block the acquisition.
- MarketWatch
Stimulus checks are a mere Band-Aid for Americans — amid fears of an even bigger economic crisis than the Great Recession
Economic impact payments would cover less than half of the average family’s monthly expenses, a new study found.
- MarketWatch
Elon Musk demands justice for George Floyd: ‘Definitely not right’ that just one Minneapolis officer has been charged
Although Elon Musk was celebrating SpaceX’s first successful manned launch into space over the weekend, he remained well-aware of the civil unrest on the ground. The CEO of Tesla (TSLA) and SpaceX addressed the protests that have escalated in the week since George Floyd, an African-American man, died after white Minneapolis police officer Derek Chauvin kneeled on his neck for several minutes, which was caught on a citizen video that went viral. While Chauvin was arrested and charged with third-degree murder and manslaughter last Friday, the other three police officers who stood by while Floyd said, “I can’t breathe,” still have not been charged.
- MarketWatch
Coronavirus update: Global case tally tops 6 million as weekend protests spark concerns they will lead to an increase in infections
The number of global cases of the coronavirus that causes COVID-19 climbed above 6 million on Monday, after a weekend dominated by protests across the U.S. at the death of an unarmed black man at the hands of a white police officer in Minneapolis last week.
- SmarterAnalyst
Amazon’s Jeff Bezos Invests In UK Freight Startup Beacon
Amazon.com Inc.’s (AMZN) CEO Jeff Bezos is investing in UK freight and supply chain finance company Beacon.The London-based company said that it raised over $15 million in its Series A fundraising round from investors including Amazon’s Bezos and US venture capital firm 8VC. The money raised will be invested in new hires, technology and market expansion.Investors in Beacon's initial seed round included Uber Technology (UBER) founders Travis Kalanick and Garrett Camp, former Google (GOOGL) CEO Eric Schmidt, as well as venture capital firms such as Neo, Red Sea Ventures, Manta Ray and FJ Labs.Established in 2018, Beacon was founded by CEO Fraser Robinson and COO Dmitri Izmailov, both former Uber executives. The startup seeks to simplify and digitize how companies import and export goods globally and is engaged in the optimization of shipping routes and processes to reduce costs, while increasing booking speed and transport efficiency.The company deploys AI, data science, cloud and automation technologies to unlock operational efficiencies.“With digitalisation accelerating globally as a result of COVID-19, we believe the future of the traditional freight forwarder is more precarious than ever,” said Robinson. “Shippers are seeking technology-led products and services that will meet their needs more effectively, enhance their experience and cut their costs.”It looks like Bezos is also looking for investment targets for Amazon as the economic crisis induced by the coronavirus pandemic is creating opportunities for mergers & acquisitions. The e-commerce giant is reportedly in talks to buy driverless vehicle startup Zoox Inc., in a deal that would expand its automation capabilities. The acquisition would also put Amazon in a position to offer food-delivery and ride-sharing services and grow to be a rival to automotive companies.“AMZN’s innovation focus, capital to invest, and leading shipping volumes (and the miles driven along with them) make it one of the few companies that could build a product to compete with Waymo, Uber, Lyft and others,” five-star analyst Adam Jonas at Morgan Stanley wrote in a note to investors.The analyst has a Buy rating on the stock with a $2,600 price target (6.5% upside potential to current levels).Turning now to Wall Street, TipRanks data shows that overall analysts have a bullish outlook on Amazon stock. Out of the 40 analysts covering the shares in the last three months, 37 have Buys and the rest are split between 2 Holds and 1 Sell adding up to a Strong Buy consensus.The $2,673.17 average price target still implies 9.5% upside potential in the coming 12 months despite the stock’s 46% rally since mid-March. (See Amazon stock analysis on TipRanks).Related News: Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia Microsoft Seeks $2B Stake In India’s Jio Platforms- Report More recent articles from Smarter Analyst: * Coty Names Chairman Peter Harf As CEO To Steer Strategic Turnaround; Shares Pop 18% * Abiomed’s Heart Pump Gets FDA Emergency Use Status For Covid-19 Patients * Eli Lilly’s Taltz Injection Gets FDA Nod For Inflammatory Spine Arthritis Treatment * Zynga Snaps Up Peak For $1.8B In Its Largest Deal To Date; Shares Up 7%
- Benzinga
Uber To Donate $1M To Groups That Make 'Criminal Justice In America More Just,' Says CEO Khosrowshahi
Uber Inc. (NYSE: UBR) will donate a million dollars to two justice reform groups to express solidarity with the black community in the wake of the protests that have escalated over the killing of George Floyd.What Happened The CEO of Uber, Dara Khosrowshahi, tweeted Sunday the company "stands in solidarity with the Black community and with peaceful protests."He also pledged a donation to help with criminal justice reforms adding, "Lasting change will only come from reforming the systems that have led us to where we are today. To that end, we're donating $1M to [Equal Justice Initiative] and [Center for Policing Equity] to support their important work in making criminal justice in America more just for all."Equal Justice Initiative, is a nonprofit that works against mass incarceration, while the Center for Policing Equity supports police transparency and equity. Why It Matters Uber is the first company to announce a direct donation in support of the black community, according to Business Insider.The ride-sharing company has had its own share of controversies over race. Its chief people officer resigned in 2018 due to allegations concerning her handling of an investigation that involved racial discrimination. Other companies, too, are expressing solidarity with the protests. Microsoft Corporation's (NASDAQ: MSFT) Chief People Officer has tweeted support, and T-Mobile Us Inc. (NASDAQ: TMUS) has taken to Twitter as well.Uber Price Action Uber shares traded 0.66% lower at $36.08 in the after-hours session on Friday. The shares had closed the regular session 6.32% higher at $36.32.See more from Benzinga * 15 US Banks Facing Currency Rigging Lawsuit Brought By Large Investors * Chinese Parliament To Impose National Security Laws That Will End Hong Kong Autonomy * Tesla's Annual Shareholders Meeting Scheduled For July 7(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- TechCrunch
The Station: Amazon eyes Zoox, Aurora goes back to school and Cabana hits the road
Take a look at the most recent survey we conducted with a bunch of venture capitalists about mobility and what areas interest them most. A photo below, courtesy of Cris Moffitt, shows a sliver of the thousands of bikes at the yard in North Carolina. Keaks (Kirsten Korosec) has been working on a big(ish) story about JUMP for the last week.
- Financial Times
Jeff Bezos invests in UK digital logistics start-up Beacon
Jeff Bezos has invested in a British start-up that is planning to use digital technology to disrupt the global logistics industry. Beacon has raised $15m in a funding round, bringing the Amazon mastermind alongside current investors that include Uber founder Travis Kalanick and former Google chairman Eric Schmidt. Mr Bezos was the second-largest investor in the round after US venture capital firm 8VC, which is understood to value the UK business at close to $60m.
- Insider Monkey
Uber Technologies (UBER) Stock Remains Resilient to Virus Slump
Antipodes Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Antipodes Global Fund posted a return of -5.3% for the quarter, outperforming its benchmark, the MSCI AC World Net Index which returned -9.7% in the same quarter. You should check out Antipodes Partners top 5 stock picks […]
- GuruFocus.com
Investing Lessons From the Failure of Hertz
Carl Icahn's $2 billion loss serves as a warning sign for investors Continue reading...
- TheStreet.com
Can Uber Stock Continue Higher as Grubhub M&A Talk Swirls?
Speculation about an Uber-Grubhub tieup continues apace. The reaction among investors has been bullish. Will it stay that way for Uber stock?
- PR Newswire
Dr. Vint Cerf to Deliver Keynote Address for IEIC Virtual Summit Series Event I
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Dr. Vint Cerf, Google Chief Internet Evangelist and co-Founder of the Internet, will deliver the keynote address at the IEIC Virtual Summit Series Event I on Tuesday, June 2 at 2:00 pm ET.
- Reuters
Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon
Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years ago, is already backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt.
- Reuters
Italian magistrates target Uber Italia over alleged rider exploitation - sources
Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday. Uber Italia said it had made its Uber Eats platform available to restaurants and couriers in full respect of the law and it condemned any form of illegal intermediation. "We participate actively in the debate around regulation which we believe will give the food delivery sector the necessary legal security to prosper in Italy," Uber Italia said in an emailed statement.
- MarketWatch
Uber CEO sees ‘signs of life’ after ridership plummeted 80% in April
Dara Khosrowshahi tells The Today Show he ‘certainly’ thinks the worst of the coronavirus crisis is over for Uber
- InvestorPlace
4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER
After a bumpy couple of days, the S&P 500 traded somewhat quietly on Friday, after bouncing off the 3,000 area and 200-day moving average. With that in mind, let's look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Zscaler (ZS) Click to EnlargeSource: Chart courtesy of StockCharts.com Zscaler (NASDAQ:ZS) shares are ripping higher after better-than-expected earnings.Coming into the event, shares were trading higher, grinding up in a modest channel (blue lines) and maintaining about the 20-day moving average. However, shares were struggling to clear the $77.50 level.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is, until earnings. The stock opened up near prior 2019 resistance around $85, before surging up to $98 as shares ended the day Friday up 29%. From here, I wouldn't be surprised to see $100 hit, with the 123.6% extension up near $101.On the downside, however, I want to see prior resistance hold as support at $85 -- along with the prior high near $90. Top Stock Trades for Monday No. 2: Canopy Growth (CGC) Click to EnlargeSource: Chart courtesy of StockCharts.com Canopy Growth (NYSE:CGC) stock is getting crushed on Friday, down just about 20% after disappointing quarterly results.The move comes after last week's breakout and this week's continuation above the 200-day moving average and $20 mark. So, what now?As you can see on the chart above, CGC stock tried to rally back over the $18.25-ish area, which was the April high and a significant level dating back to October 2019. However, shares were rejected on this move.Bulls need to see this level reclaimed. If it can, it puts a gap-fill back up toward $20 in play, as well as the 200-day moving average. On the downside, I want to see the 50-day moving average and the backside of prior downtrend resistance (blue line) hold as support. Below puts $14 on the table. Top Stock Trades for Monday No. 3: Occidental Petroleum (OXY) Click to EnlargeSource: Chart courtesy of StockCharts.com Occidental Petroleum (NYSE:OXY) isn't looking too hot, down 5% on Friday. Shares were unable to push higher, most recently failing at $15 before rolling over.However, the lack of bullishness has been a multi-month process. Shares failed to reclaim the 23.6% retracement, before forming a series of lower highs. Now, it's losing the 50-day moving average, as well as uptrend support.From here, bulls need to see the $12.75 area hold as support. Below $12.50 and a retest of $10 isn't out of the question.Given how poorly the stock has done amid the big rebound in the S&P 500 and crude oil, traders may be better off looking elsewhere than OXY. I mean sheesh, crude just had its best month ever and Occidental is down about 20% for May.Shares do not look attractive amid the current setup. Top Stock Trades for Monday No. 4: Uber (UBER) Click to EnlargeSource: Chart courtesy of StockCharts.com Shares of Uber (NYSE:UBER) have made an impressive climb from the March lows. The stock hit $14 in March and continues knocking on the 78.6% retracement just below $36.The firm is in talks with GrubHub (NYSE:GRUB) to hammer out an all-stock deal. If the stock reacts bearishly to the news, we have to consider a pullback. In this case, look to the $31 area, where Uber will find its 200-day moving average and uptrend support (blue line).On a breakout over the 78.6% retracement, look for a possible gap-fill up toward $40.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER appeared first on InvestorPlace.
- Investor's Business Daily
Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show
Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, 2019, Uber stock is one of the most watched IPO stocks today, but is Uber a buy right now in the current coronavirus stock market rally? In 2018, Uber had earnings of 59 cents per share, but the profit was temporary.
- Reuters
Chilean regulator approves Uber's purchase of Cornershop grocery app
Chile's antitrust regulator said on Friday it had approved "without conditions" Uber's purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods. Uber said in late 2019 it would buy a majority stake in the Santiago-based Cornershop, but the deal was subject to the approval of regulators in Chile and Mexico.
- Motley Fool
Uber Rolls Out Rides By the Hour in the U.S
Uber riders can keep the same driver for an hour to run errands or take a family member to the doctor.
- MarketWatch
GrubHub stock gains after report of narrowed price gap in Uber takeover talks
GrubHub Inc. shares [S: GRUB] are up 8% in Friday trading after a Bloomberg News report indicated that the company has narrowed the price gap in its deal talks with Uber Technologies Inc. and that the two companies are now "haggling" over a breakup fee. GrubHub wants to receive a cash sum if the deal is blocked for regulatory reasons, while Uber "is reluctant to concede to any sizable payment," according to the report, which cites multiple unnamed sources. A Rhode Island congressman called a possible merger between Uber and GrubHub "a new low in pandemic profiteering" after the deal talks were reported earlier in March. The proposed deal price would value GrubHub at a premium over Thursday's closing price of $52.83, the Bloomberg report said. Representatives from Uber and GrubHub didn't immediately respond to MarketWatch's request for comment. GrubHub shares have added 20% over the past month, as Uber's stock has gained 13%. The S&P 500 is up 3.4% in that span.
- TheStreet.com
Grubhub Seeks Termination-Fee Contingency in Uber Deal
Grubhub shares rose, as merger talks now focus on the idea that Uber , which would be buying the food-delivery specialist, would pay a breakup fee if the government blocks their tieup. The New York company wants San Francisco ride-hailing giant Uber to commit to a cash payment in the event regulators reject the deal, knowledgeable sources told Bloomberg. The potential deal has drawn the attention of government regulators, who are concerned about the hefty fees the companies charge restaurants and the lowly status of their workers, Bloomberg reports.
- TechCrunch
Uber's latest feature lets riders book by the hour and make multiple stops
Uber is bringing a new feature to the U.S. that lets users book rides for $50 an hour and make multiple stops as the ride-hailing company tries to respond to changing consumer needs during the COVID-19 pandemic. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Tampa Bay, Philadelphia, Phoenix, Tacoma, Seattle and Washington, D.C. Uber said it expects to expand this feature into other U.S. cities in the coming weeks. Uber made the move in an effort to offer riders a more convenient way to get things done, and to provide an additional earnings opportunity for drivers as we move forward in this "new normal," Niraj Patel, director of rider operations at Uber, said in a statement.
- Reuters
Uber launches hourly ride booking option in some U.S. cities
The option, which is already available in a handful of cities in Australia, Africa, Europe and the Middle East, will cost $50 per hour. Fares for regular Uber rides are generally based on the level of demand and the trip distance. Uber said it decided to expand the hourly feature to the U.S. after riders requested an option for extended trips during the pandemic to avoid exposure to different drivers and vehicles when taking multiple trips in a confined time period.
- Barrons.com
Tesla Owns the U.S. Electric Vehicle Market, Analyst Says. Why It Will Own China and Europe Too.
Tesla picked up a new bullish analyst Thursday evening who believes Tesla is poised to grow rapidly outside its core U.S. market.
- Motley Fool
Uber Exec Unloads Shares Following Rally on Layoffs
In an internal memo announcing the most recent cut, CEO Dara Khosrowshahi confirmed that the ridesharing segment was down 80% year over year because people simply aren't traveling much during the public health crisis. One Uber exec has taken the opportunity to unload the majority of her shares. In a fresh Form 4 filing this week, Uber disclosed that communications and public policy chief Jill Hazelbaker had sold off the bulk of her holdings between May 21 and May 26.
