Deals
Uber Shares Are Quickly Approaching ‘White Knuckle’ Territory
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With Uber Technologies Inc.’s shares plunging nearly 20% below its IPO price on Monday, the stock might be fast approaching a “white knuckle” territory, according to one Wall Street analyst.
After closing down 7.6% on Friday in its trading debut, Uber’s stock dropped as much as 13% on Monday in New York, before closing down 11% at $37.10. The initial public offering was priced at $45.