During this corona crisis, try to explain to the investor that Uber is one of the better investments on the stock market. While the shares of supermarkets such as Ahold Delhaize and Colruyt fall sharply, the increase in the Uber share partly makes up for the loss in the portfolio.
Due to the corona crisis in the 67 countries where it works, drivers are currently getting far fewer journeys. Moreover, they fear to be infected by the customers they do get. Since February 20, after the major outbreak of the coronavirus, the stock has been hit hard on the stock market: it fell from $ 40 to $ 14 per share in New York this week. Meanwhile, the stock is at $ 21.49 today and continues to climb.
Uber eats turns strong turnovers
Khosrowshahi reports that his meal delivery service Uber Eats is turning strong due to the increasing number of people who are locked up at home by the virus. Uber Eats reported Friday in the Netherlands to open its platform for restaurants that offer takeout orders.
The price of the Uber share is thus recovering on the stock market from a fall in prices earlier this month. The stock has lost 50 percent this year. Uber stock has taken a leap forward after statement by CEO Dara Khosrowshahi on Thursday about the company's cash reserves.
Also read: Uber provides drivers with coronavirus sick leave