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Uber Stock Continues To Slide: What's Driving The Weakness?
Yahoo Finance· 2025-12-17 22:31
Core Insights - The FTC, along with 21 states and the District of Columbia, has filed an amended complaint against Uber for deceptive billing and cancellation practices, alleging unauthorized subscription charges and a complicated cancellation process [2][3][4]. Company Analysis - Uber's stock is currently in a bearish setup, trading significantly below key moving averages, positioned 7.9% below its 20-day SMA, 12.4% below its 50-day SMA, and 13.4% below its 100-day SMA, indicating difficulty in regaining upward momentum [4]. - The Relative Strength Index (RSI) is at 34.41, indicating a neutral stance but leaning towards oversold territory, while the MACD is below its signal line, suggesting bearish pressure on the stock [5]. - Key support for Uber's stock is at $69.50, with resistance around $93.50; approaching support levels could signal a potential bounce, while breaking below may indicate further declines [6]. Performance Overview - Over the past 12 months, Uber has experienced a 33.44% increase, indicating a recovery from previous lows, suggesting underlying strength despite current bearish signals [7].