Uber Stock Gains On $1.5 Billion Accelerated Stock Buyback. CFO Says Uber 'Undervalued.'
Uber stock jumped Monday morning after the ride-hail giant announced a $1.5 billion accelerated share repurchase agreement.
Uber CFO says stock is ‘undervalued;’ proceeds with $1.5B buyback
The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.
Uber Stock Rises on Accelerated $1.5 Billion Buyback Plan
Key Takeaways Uber shares rose Monday morning after the company said it is starting an accelerated stock buyback program.The $1.5 billion plan is part of the $7 billion buyback program Uber announced in February 2024.
Uber Sets $1.5 Billion Accelerated Stock Buyback
Uber said the accelerated buyback is part of its inaugural $7 billion repurchase unveiled last February. The company spent $701 million to buy back 10.1 million shares during the first nine months of 2024, leaving $6.3 billion available for repurchases as of Sept. 30.
Uber To Buyback $1.5 Bln Of Shares Through Accelerated Share Repurchase; Pre-Market Stock Up
Uber Technologies, Inc. (UBER) announced on Monday that it has inked an accelerated share repurchase or ASR deal with Bank of
Uber rallies after unveiling $1.5 billion accelerated share repurchase program
Uber Technologies (NYSE:UBER) rallied in early action on Tuesday after the company announced that it has entered into an accelerated share repurchase agreement to repurchase $1.5 billion of shares of common stock.
Uber Announces $1.5 Billion Accelerated Share Repurchase Program
This ASR represents a value-enhancing deployment of capital, retiring over one percent of our market cap." Under the ASR agreement, on January 6, 2025, Uber will pay $1.5 billion to the dealer and expects to receive an initial delivery of 18,
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Uber CEO Dara Khosrowshahi Resigns From Board Of Autonomous Vehicle Tech Company Aurora
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