Analysts believe It’s the right time to buy Uber’s stock
Uber’s stock has lost around one-third of the value since the IPO in May. The stock opened at $45 per share on IPO but has been in a downtrend since then. The price reached the lowest level of $26 on 14 November, but experienced a jump in the last week and currently trading around $30. Stifel Nicolaus analyst Scott Devitt and SunTrust’s Youssef Squali turned bullish on the ride-sharing company
uber ipo price stock analysts
MarketWatchRelated Articles
Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
pakistan market stock exchange asia
AA
Former Uber security chief faces criminal charges for hiding 2016 breach
Federal prosecutors have charged former Uber security chief Joe Sullivan with obstruction of justice for hiding a 2016 data breach from Federal Trade Commission investigators. The criminal complaint, filed Thursday, suggests that Uber's then-CEO Travis Kalanick was aware of the breach and Sullivan's efforts to cover it up. But it argues that Sullivan kept others involved in Uber's FTC response in the dark about the incident.
uber privacy security data-breach joe-sullivan
Arstechnica
Uber’s attempt to buy Grubhub facing challenges
According to the reports, Uber's attempt to build the largest meal delivery company in the US by buying its rival Grubhub has immediately come under fire from lawmakers, city officials, and antitrust experts. Uber and Grubhub, currently the second and third-largest US meal delivery companies by market share behind DoorDash, are in talks over a tie-up as the coronavirus crisis accelerates consumer demand for delivery services.
uber attempt meal grubhub
Arstechnica
Starbucks stock soars after re-opening news
Starbucks stock rose 3% in extended trading Monday after the coffee giant announced plans to reopen more than 85% of its U.S. stores by the end of this week. By early June, the Seattle-based company expects to have more than 90% of its stores open with limited hours. The Seattle-based company expects mobile pay to play an even more prominent role in transactions.
stock starbucks coffee
Marketwatch