Hail a Ride With Uber Stock Only If It Stays Above This Key Level

Hail a Ride With Uber Stock Only If It Stays Above This Key Level

Uber (UBER) shares fly higher on the day, up more than 13% after the earnings report from the rideshare and food delivery company.

That’s even amid weakness in the broader market. Shares opened higher but moved lower and are near the low for the day.

On the part of Uber, the company delivered a top-line beat and beat on adjusted earnings, while reducing “net loss by 50% from last year to $1.21 billion.”

That’s apparently enough for investors to hear, with the stock going higher. For Lyft (LYFT) shares, the shares are up about 6% out of sympathy.

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