Uber (UBER) Stock: 1.53% Increase Explanation

By Amit Chowdhry ● May 13, 2021
  • The stock price of Uber Technologies Inc (NYSE: UBER) increased by 1.53% today. This is why it happened.

The stock price of Uber Technologies Inc (NYSE: UBER) increased by 1.53% today. Investors appear to have responded positively to the company announcing that with prescription delivery company Nimble, they will be launching an on-demand prescription delivery service in Washington, DC and Seattle, Washington.

And now the customers in those areas can request prescription delivery through the Uber Eats app. The expansion into Seattle and Washington, DC follows a successful prescription delivery launch in New York City, Chicago, Atlanta, Miami, Los Angeles, San Diego, and Orange County earlier this year.

KEY QUOTES:

“We’re thrilled to be partnering with Nimble to bring quick, on-demand prescription delivery to Seattleites across the city. People are always looking for ways to conveniently and safely get the things they need — whether that be food, other everyday essentials, or even medicine, and we’re proud that Uber is now playing a role in bringing prescriptions right to customers’ doorsteps.”

— Harry Hartfield, head of Public Affairs for Uber in Seattle

“Our goal is to help neighborhood pharmacies across Seattle provide patients with the simplest, easiest, and most convenient experience for getting their prescriptions delivered. Our partnership with Uber Eats allows us to help Seattle-area pharmacies offer hundreds of thousands of residents access to on-demand prescription delivery at a time when they need it most.”

— Talha Sattar, Founder and CEO of Nimble

“We are a patient-first pharmacy that is always looking for better and more personalized ways to support and care for our customers. Working with Nimble and Uber Eats will allow us to provide more convenient and accessible experiences to our current patients, significantly grow our customer base within the community, and stay competitive as a local business in a rapidly changing industry.”

— Nate Kenney, Director of Pharmacy at Northwest Prescriptions & Medical Supply

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.