Uber (UBER) Stock: Why The Price Increased Above 2% After Hours

By Amit Chowdhry ● May 9, 2022
  • The stock price of Uber Technologies Inc (NYSE: UBER) increased by over 2% after hours today. This is why.

The stock price of Uber Technologies Inc (NYSE: UBER) increased by over 2% after hours today. Investors are responding positively to CEO Dara Khosrowshahi disclosing the purchase of 200,000 shares – which occurred on Friday, May 6th at an average price of $26.7276.

These shares were bought in multiple transactions at prices ranging between $26.64 and $26.775 per share. The total dollar value of the purchases were more than $5.3 million.

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