Last Updated: Feb. 14, 2024 at 2:08 p.m. ET
First Published: Feb. 14, 2024 at 7:04 a.m. ET
Stock is headed for a record high as the ride-sharing company kicks off investor day
Uber unveiled its first share buyback program on Wednesday. Germany OUTOLIVER BERG/AFP/Getty Images
Agence France-Presse/Getty Image
Uber Technologies Inc.’s stock 12% Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board authorizing the repurchase of up to $7 billion worth of stock.
The stock was on track for a fresh record close, according to Dow Jones Market Data, based on records that go back to May 10, 2019. That was the day Uber’s stock make its trading debut.
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