What's Going On With Uber Stock?

Uber Technologies Inc UBER shares are trading higher by 3.15% to $66.88 during Wednesday’s session amid overall market strength. The December inflation report, showing a slowdown in core price pressures, has reduced concerns about the Federal Reserve’s aggressive stance on interest rates.

What To Know: As the probability of rate cuts in 2025 increases, Uber stands to benefit from a more favorable financing environment, potentially lowering its borrowing costs and improving profitability.

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Additionally, the prospect of a rate cut enhances consumer confidence, which may drive more demand for Uber's services. A more stable economic environment may encourage discretionary spending, including ridesharing and delivery services.

Lower borrowing costs could also enable Uber to accelerate its expansion plans, invest in new technologies or explore strategic acquisitions.

Uber’s stock price is likely buoyed Wednesday by the belief that economic conditions will support the company's long-term growth.

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How To Buy UBER Stock

By now you're likely curious about how to participate in the market for Uber Technologies UBER – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Uber Technologies, which is trading at $66.89 as of publishing time, $100 would buy you 1.49 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, UBER has a 52-week high of $87.00 and a 52-week low of $54.84.