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Uber Technologies Inc saw a strong rally over the past five days, rising 9.35 USD, or 14.33%, to close at 74.60 USD on February 7 at 7:59 PM GMT-5. The stock demonstrated significant bullish momentum, after Bill Ackman on Friday posted on X claiming that his Pershing Square had built a position in the ride-hailing company and now holds 30.3 million shares.
During the latest trading session, Uber opened at 70.36 USD, showing a positive start. The stock quickly gained traction, reaching a session high of 76.78 USD. However, some profit-taking pulled the stock back to an intraday low of 70.13 USD before closing at 74.60 USD.
After-hours trading saw Uber continue its upward trend, adding 0.11 USD, or 0.15%, to reach 74.71 USD. With a market capitalization of 15.71KCr, Uber remains a key player in the transportation and tech industries. The stock encountered resistance near a session high of 76.78 USD, emerging selling pressure, while support at a session low of around 70.13 USD helped prevent a steeper decline.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.