Is UBER Stock a Buy Post the $1.5B Accelerated Share Buyback Launch?

Shares of Uber Technologies (UBER) gained 2.7% on Jan. 6, closing the trading session at $66.31. The uptick followed a significant move by the company to return value to its shareholders. UBER announced that it would start an accelerated $1.5 billion stock buyback program. To this end, the San Francisco, CA-based ride-hailing company entered into an accelerated share repurchase ("ASR") agreement with Bank of America (BAC) .Digging the Details of UBER’s Accelerated Share Repurchase AgreementThe $1.5 billion ...