Uber Stock Drops To Record 52-week Low Of $26 During Trading Today
https://wccftech.com/uber-stock-drop-52-week-low/
Ride-hailing company Uber just can't catch a break. The company's been at the center of one controversy or the other for years. Its former CEO and co-founder Travis Kalanick resigned in 2017 when reports of harassment and discrimination made investors force changes to the company's board.
Then, Uber's stock fell below its $45/share IPO price after the company went public, and once the company's IPO share lockup expired last week, trading volume jumped by 7x within the first two hours following the day's opening. By the end of the day, shares ten times Uber's average daily trading volume had been traded. This Monday, we found out that Mr. Kalanick offloaded 200 million Uber shares during the past week. Now, there's more to the story so head on below for the details.