Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That's according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19 billion travel booking website would mark Uber's largest acquisition ever. Sources told the FT that Uber had spoken to advisors about the feasibility of the deal recently after a third party had floated the idea of an Expedia acquisition. The discussions centered in part on Uber CEO Dara Khosrowshahi. He w ...

Uber (NYSE: UBER ) shares surged almost 11% following Tesla's 'We, Robot' event, while Tesla ( TSLA ) shares closed the trading day almost 9% lower. In my view, this is a clear investor vote of how I have worked in investment banking for almost a decade, before I decided to fully turn my attention to the stock market and my private investments. As a contributor to Seeking Alpha, my articles have a focus on accounting and financial analysis. I am an ex-colleague and close friend of Cavenagh Research, who als ...

San Francisco, CA-based ride-sharing company Uber Technologies (UBER) has been having a great run on the bourses lately. In the last three trading sessions, the stock hovered at more than $82/share, closing at $83.2 on Tuesday. That's not very far from its all-time high of $87, hit on Friday. Here's What Propelled UBER Stock to an All-Time High Uber shares gained 10.8% on Oct. 11 following Tesla's (TSLA) not-so-exciting robotaxi event, which failed to meet expectations. Tesla's much-anticipated unveiling of ...

Shares of Uber (UBER) and Lyft (LYFT) surged on Oct. 11, 2024, following Tesla's (TSLA) not-so-exciting robotaxi event, which failed to meet expectations, raising concerns among ridesharing investors. Uber shares jumped 10.8% on that day, LYFT stock jumped 9.6%, while Tesla shares slumped 8.8%. Tesla's robotaxi service is comparable to the taxi services offered by Uber and Lyft. A robotaxi is a self-driving car that operates as a taxi in an e-hailing service, and passengers can request them via a smartphone ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Key Takeaways Uber shares lost ground Monday but are still near record highs after investors saw little threat to rideshare companies from Tesla's highly anticipated robotaxi unveiling last week. A chart-based price target using the measuring principle projects a potential move up to $93, an area where investors may decide to lock in profits. Investors should watch important support levels on Uber's chart around $81, $74, and $68. Shares in Uber Technologies (UBER) lost ground Monday but were still near rec ...

Uber shares jumped based on the event, but a showdown is coming. After a long wait, Tesla (TSLA -8.78%) finally debuted its robotaxi on Thursday night. CEO Elon Musk arrived on the Warner Bros. soundstage in Burbank, California, as a passenger in the robotaxi, which he calls a Cybercab. It comes without a steering wheel or pedals, making it a strictly autonomous vehicle (AV). Musk said the vehicle would allow for unsupervised full self-driving (FSD), differentiating it from the supervised FSD he often refer ...

Uber Technologies (UBER) shares ended the last trading session 10.8% higher at $86.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.4% gain over the past four weeks. The uptick was owing to Tesla's (TSLA) disappointing Robotaxi event. The event failed to excite investors due to the lack of detail provided by TSLA on its latest full self-driving technology advancements. TSLA's failure to provide insight on its ...

Uber Technologies Inc. (NYSE: UBER) saw its stock surge by 10.81% on Friday, closing at $86.34. This unexpected rise followed Tesla's (NASDAQ: TSLA) much-anticipated robotaxi reveal, which had initially raised concerns among investors about potential competition in the ride-hailing business. However, with Tesla's plans lacking concrete timelines, Uber benefited from the event, pushing its stock to a 52-week high, up nearly 43% year-to-date. This momentum, combined with strategic initiatives, has left invest ...

Key Takeaways The S&P 500 added 0.6% on Friday, Oct. 11, reaching an all-time closing high following softer-thanexpected wholesale inflation data. Tesla stock lost ground after the carmaker's highly awaited robotaxi event failed to impress investors. The lukewarm reaction helped lift shares of Uber and its ridesharing peers. Bank earnings season got underway, with shares of Wells Fargo and JPMorgan advancing after the financial giants released strong results. Major U.S. equities indexes ticked higher during ...