Uber’s stock soared more than 6% after its CEO purchased the company’s securities

16-11-2021

Uber CEO Dara Khosrowshahi purchased 200 thousand shares of the cab ordering service. This provoked an increase in quotations by more than 6%.

According to RBC, several deals were made, the average value of which was $44.9 per share. The company’s shares gained more than 6.4% as of 5:55 p.m. Moscow time. The growth of quotations began at the premarket when it became known about the forthcoming deal.

Uber rate dynamics for October-November 2021

The total stake in Uber, which Khosrowshahi now owns, has more than 1.1 million securities. The number of recent transactions amounted to about $8.98 million.

From the beginning of 2021 to the middle of November, the share price decreased by more than 15.5%. The company’s net loss for the first three quarters increased by 123% when compared to the same period last year.

 

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