What's Going On With Uber Stock Thursday

Uber Technologies, Inc UBER shares are trading lower today in sympathy with Lyft, Inc LYFT, which will release its first-quarter results on Thursday after market close.
Lyft sees first-quarter revenue of approximately $975 million versus estimates of $1.09 billion. Analysts expect a Q1 revenue of $981.4 million and an EPS loss of $(0.06).
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Lyft struggled to gain market share versus Uber, which acquired market share and drivers during the pandemic.
Lyft also chose not to diversify beyond transportation and geography, unlike Uber.
Lyft was slower to roll out bonuses and new features to entice drivers during a yearslong labor shortage on pandemic recovery.
Price Actions: UBER shares traded lower by 1.48% at $37.29 on the last check Thursday. LYFT shares traded lower by 3.77% at $10.48.
Photo by Gerd Altmann from Pixabay

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