Uber Just Fell 13% in a Month. Is It Time to Sell, or Should You Buy the Dip?
Source: 24/7 Wall St. ·
Uber slid while big tech climbed, and its closest rivals fell even harder, which turns a rough month into a question about whether the pressure comes from Uber itself or something bigger shaking the entire group.
From the source
Uber slid while big tech climbed, and its closest rivals fell even harder, which turns a rough month into a question about whether the pressure comes from Uber itself or something bigger shaking the entire group. Market Movers desk. Editor: David Moadel . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A rough month has left Uber Technologies ( NYSE:UBER | UBER Price Prediction ) holders asking whether the pullback signals lasting trouble or a chance to stay patient. Uber stock trades at $68.45 this afternoon, down 13% over the past month. That slide in Uber arrived during a stretch when large-cap technology names moved higher, which makes the gap harder to ignore. Both of Uber’s closest peers fared worse over the same stretch. Shares of rideshare rival Lyft ( NASDAQ:LYFT ) took a steeper hit, sitting at $14.81 and down 15% over the past month. Meanwhile, the sharpest slide hit DoorDash (…