Uber stock set for massive crash after missing earnings

After being one of the year’s top-performing S&P 500 stocks in the first months of 2024, Uber’s (NYSE: UBER) chart started forming a bow-like curvature with the most recent trend being downward.The latest development, it would appear, has done little to reverse course and help UBER regain an upward momentum. Indeed, the earnings report covering the first trimester of 2024 proved worrying enough that it sent Uber shares plunging more than 8.52% in Wednesday’s pre-market.Uber stock extended session performanc ...