Shares of Uber (UBER.US) jumped 8% on Friday after billionaire investor Bill Ackman revealed his stake in the company. Ackman, who began buying last month, called Uber one of the “best-run and highest-quality companies” and believes it is still undervalued. As of today, he owns about 30.3 million shares, valued at $2.5 billion.
Source: X
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Uber shares today broke above their 200-day EMA and are trading at their highest levels since October 2024. Source: xStation
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