UBER stock surpasses $100 for the first time ever
Key Takeaways
- Uber’s stock price surpassed $100 for the first time since its IPO in 2019, doubling from its original $45 IPO price.
- The stock experienced a steep decline during the 2020 market crash, falling below $15, but has since recovered.
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Uber Technologies Inc. shares surpassed $100 today for the first time since the ride-hailing and food delivery company went public, marking a significant milestone for the stock.
The achievement represents a more than doubling from Uber’s $45 IPO price in 2019. The stock fell below $15 during the 2020 market crash before beginning its recovery.
Uber achieved its first full year of GAAP profitability in 2023 and joined the S&P 500 index, attracting institutional investment. The company announced a $7 billion share buyback program in early 2024.
The company is positioning itself in autonomous vehicle technology through partnerships and robotaxi investments.
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