Uber Technologies Inc. stock outperforms market despite losses on the day – MarketWatch

Shares of Uber Technologies Inc. UBER, -1.16% slid 1.16% to $24.71 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -3.08% falling 3.08% to 10,321.39 and Dow Jones Industrial Average DJIA, -1.34% falling 1.34% to 29,634.83. This was the stock’s second consecutive day of losses. Uber Technologies Inc. closed $24.13 short of its 52-week high ($48.84), which the company reached on October 15th.
Despite its losses, the stock outperformed some of its competitors Friday, as Lyft Inc. Cl A LYFT, -1.83% fell 1.83% to $11.77, Waitr Holdings Inc. WTRH, -3.99% fell 3.99% to $0.13, and HyreCar Inc. HYRE, -3.48% fell 3.48% to $0.70.true Trading volume (22.5 M) remained 4.3 million below its 50-day average volume of 26.8 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Tesla stock is forming a bearish head-and-shoulders pattern. And with CEO Elon Musk likely selling more stock to fund his Twitter purchase, shares of the electric-vehicle giant might have further to fall.

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