Down 30% From Its High, Should You Buy Uber Technologies Stock on the Dip? [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
investors worry about rising competition and the company's long-term growth prospects. As of this writing, the stock has declined 2% year to date and is down about 30% from its all-time high. Is this a great buying opportunity for investors, or are shares of Uber likely headed even lower? Investors are bearish on Uber stock Uber stock's recent tumble began on Dec. 5 when Alphabet 's Waymo announced it would be expanding to Miami. The self-driving vehicles could be available for ride-hailing services as early as 2026. The possibility of robotaxis becoming available in one of the largest cities in the U.S. appears to be weighing on investors, with fears mounting that it could hurt demand for Uber rides. Waymo is already available in multiple cities, including Austin, Los Angeles, Phoenix, and San Francisco. This recent expansion news underscores the potential for Waymo to disrupt Uber's dominance in the ride-hailing industry. Waymo's growth, when combined with electric-vehicle
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UBER
News
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- UBER Stock Price Decreases 13% in a Month: Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- UBER's page on the SEC website