1
Uber Technologies’ stock closed at $43.96 while observing a loss of 1.61% during the last intraday trading session.
2
Uber stock price plunges below 20 and 50-day exponential moving averages.
3
The year-to-date return of Uber Technologies is 73.28% while the monthly return is -6.57%.
Uber stock has been in a strong bullish trend since the start of May 2023 after the release of Quarter One financial results. The stock surged from the low of $29.50 and created an annual high of $49.49.
The bears had a strong presence near $50 which halted the bullish move and was also the result of the release of second-quarter results. On August 1, 2023, Uber released the second quarterly report and was successful in beating the earnings per share estimates but missed the revenue estimates.
Source: UBER Stock Price By TradingView.
Uber Technologies’ Revenue Missed
The consensus estimated the revenue to be $9.339 Billion it turned out to be $9.23
We współpracy z: https://www.thecoinrepublic.com/2023/08/26/uber-technologies-uber-stock-will-sell-off-continue/
