Why Uber Shares Are Rising

Uber Technologies Inc UBER shares are trading higher after Meta Platform's FB WhatsApp rolled out ride booking via the messenger service in India. UBS also initiated coverage on the stock with a Buy rating and announced an $80 price target.

Uber shares are otherwise trading lower by 3.9% over the past five sessions and lower by 11.2% over the past month amid ongoing COVID-19 reopening uncertainty.

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Uber is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers and shippers with carriers.

Uber has a 52-week high of $64.05 and a 52-week low of $35.80.