Uber shares pop on inclusion in S&P 500
Publishing timestamp: 2023-12-01 18:17:28
Summary
Uber is joining the S&P 500 Index, replacing Sealed Air Corp. The announcement caused Uber's shares to rise 5% in extended trading. Uber has been generating positive earnings and over $1 billion in profit in the last four quarters. The company's inclusion in the S&P 500 will require fund managers to acquire shares, and Uber has met the valuation and profitability requirements for membership.
Sentiment: POSITIVE
Keywords: business news, uber technologies inc, technology, enterprise, business, breaking news: technology, sealed air corp,
Source: https://www.cnbc.com/2023/12/01/uber-shares-pop-on-inclusion-in-sp-500.html