Uber Stock Rises on Accelerated $1.5 Billion Buyback Plan

Key TakeawaysUber shares rose Monday morning after the company said it is starting an accelerated stock buyback program.The $1.5 billion plan is part of the $7 billion buyback program Uber announced in February 2024.Uber's CFO said the company is buying back its own stock because it is "undervalued relative to the strength of our business." Uber (UBER) shares jumped Monday after the ridesharing company said it is starting an accelerated stock buyback program with an agreement to buy back $1.5 billion in sha ...