Shares of ride-hailing top dog Uber (UBER) have been under considerable pressure for around a year now, thanks in part to a 2021 filled with COVID-induced labor disturbances.  With tech stocks leading the charge lower once again amid renewed rate hike fears, Uber stock looks well-poised to buck the trend by holding its own, as the high-multiple tech trade sinks lower. Why does Uber stock deserve such a free pass as tech crumbles? Uber stock has already shed around 42% of its value from peak to trough. In essence, the band-aid has already been ripped off.
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Uber Technologies (NYSE:UBER)
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Uber Technologies (NYSE:UBER)
Historical Stock Chart
Von Mai 2021 bis Mai 2022 Click Here for more Uber Technologies Charts.