https://wccftech.com/uber-travis-kalanick-200-million/

Ride-hailing application Uber (NYSE:UBER) saw a lot of hustle-and-bustle last week. Its share lockup, that came in effect at the time of Uber's IPO expired on the 6th of this month. Following the expiration, the number of Uber shares trading jumped to 7x their average daily volume within two hours of the market opening. The price, at this point, fell to $26.78 in a 3% decrease from the day before's closing.

By the end of the day, this volume had jumped to 10x and the stock closed at $27 share, below the $45/share the stock debuted at on the company's IPO. Now, it looks like a big portion of the trading volume spike that we witnessed earlier this week was due to the company's former CEO Travis Kalanick liquidating some of his sizeable stock in the company. Take a look below for more details.