Uber shares drop more than 3% in New York trading
Shares of Uber Technologies declined on the New York Stock Exchange during trading on June 2. According to Google Finance data as of 2:41 p.m. New York time (UTC-4), Uber’s stock fell to $71.49, down 3.14%, or $2.32.
The previous closing price stood at $73.81. During the trading session, Uber shares remained under pressure: after the market opened, the stock moved steadily lower and by mid-afternoon approached the $71.5 level, News.Az reports.
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The decline comes amid continued volatility in the U.S. stock market. Investors are closely watching the performance of technology companies and transport- and delivery-related platforms, as their results remain sensitive to consumer demand, operating costs, and expectations around interest rates.
Uber remains one of the world’s largest ride-hailing and delivery platforms. The stock’s further performance will depend on broader market sentiment, the company’s financial results, and investor expectations regarding future business growth.
By Ulviyya Salmanli
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