Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Uber shares jumped based on the event, but a showdown is coming. After a long wait, Tesla (TSLA -8.78%) finally debuted its robotaxi on Thursday night. CEO Elon Musk arrived on the Warner Bros. soundstage in Burbank, California, as a passenger in the robotaxi, which he calls a Cybercab. It comes without a steering wheel or pedals, making it a strictly autonomous vehicle (AV). Musk said the vehicle would allow for unsupervised full self-driving (FSD), differentiating it from the supervised FSD he often refer ...

Uber Technologies (UBER) shares ended the last trading session 10.8% higher at $86.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.4% gain over the past four weeks. The uptick was owing to Tesla's (TSLA) disappointing Robotaxi event. The event failed to excite investors due to the lack of detail provided by TSLA on its latest full self-driving technology advancements. TSLA's failure to provide insight on its ...

Uber and Lyft have been locking New York City drivers out of their apps to avoid paying millions of dollars in pay, according to a report. Rideshare app drivers have been getting locked out of the two apps – with messages that flash "unable to go online" or tell drivers to go to a busier location – for minutes or hours at a time. The lockouts are an attempt to make Uber and Lyft drivers seem busier on paper – which could save the companies nearly $30 million in pay by convincing the city not to raise a key ...

Key Takeaways Shares of Uber and Lyft jumped on Friday after Tesla's introduction to its new robotaxi failed to live up to ridesharing investors' fears. Analysts noted Tesla's much-anticipated event was light on details about the rollout of a ridesharing app that would compete with Uber or Lyft, lifting an uncertainty that has hung over the stocks for months. Uber shares hit an all-time high, while Tesla slumped further into negative territory for the year. Shares of Uber Technologies (UBER) jumped to a rec ...

In this article LYFT UBER TSLA The Uber logo is seen in the rain in Krakow, Poland, on January 6, 2024. Klaudia Radecka | Nurphoto | Getty Images Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it's turned into a boon for the stock instead. Uber shares had been falling on the initial investor excitement leading up to Thursday's event — particularly slumping in early August and mid-September — but surged more than 9% on Friday on renewed enthusiasm that the company is ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Uber Technologies, Inc. (NYSE: UBER ) is a global platform that allows people to book rides, order food, and transport goods easily. Despite its wide reach and essential services, the company's stock has remained steady over the past six Investing in high-growth opportunities across industries, employing a value investing approach that prioritizes robust business models and strategic foresight. Focusing on companies with the potential to profoundly influence the global landscape in the years aheadI primaril ...

Ride-hailing companies Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are rising in premarket trading on Friday. The shares of Uber and its smaller peer Lyft were reacting to electric vehicle maker Tesla, Inc. TSLA announcing that a rival offering from its stable, the Cybercab, will go into production in 2026 or possibly even in 2027. If Tesla had been quick with a superior offering armed with its unsupervised self-driving technology, Uber and Lyft might have seen their market share erode. Ahead of the ev ...

As Tesla Inc TSLA gears up for its highly anticipated Robotaxi event on Oct. 10, the rideshare market is bracing for disruption. Tesla's event, expected to reveal a low-cost, fully autonomous vehicle (AV), has sparked concern among investors, particularly for companies like Uber Technologies Inc UBER and Lyft Inc LYFT. However, JPMorgan analyst Doug Anmuth remains confident in Uber's future, noting that it remains "well positioned in [the] AV ecosystem." Tesla's Disruption: Rideshare Under Pressure? Tesla's ...