Why Uber Stock Is Moving Today

Uber Technologies, Inc. UBER shares are trading higher Thursday after the company announced a CFO transition.
 

What To Know: Uber late Wednesday announced that on November 13, Prashanth Mahendra-Rajah, who currently holds a position as CFO of Analog Devices ADI, will join the company as CFO. 

Dara Khosrowshahi, CEO of Uber, spoke on the transition, saying, "Prashanth is an incredibly skilled and dynamic finance executive, with decades of experience across a variety of complex industries. I'm confident he'll be able to help us deliver even more innovation and efficiency as we continue this next phase of profitable growth."

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UBER Price Action: Shares of UBER were up 2.77% at $46.39 at the time of publication, according to Benzinga Pro.

Image by Dariusz Sankowski from Pixabay