UBER Extends Block Partnership As Shares Slip On Weak Market Day

Benzinga_recent_news04-23 00:23

• Uber Technologies stock is trending lower. Why is UBER stock trading lower? The partnership aims to integrate Square’s Uber Eats capabilities internationally and introduce Cash App Pay as a payment ...

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Why is UBER stock trading lower?\nThe partnership aims to integrate Square’s Uber Eats capabilities internationally and introduce Cash App Pay as a payment ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/04/51976210/uber-extends-block-partnership-as-shares-slip-on-weak-market-day\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237957811.SGD","symbol_name":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/26/04/51976210/uber-extends-block-partnership-as-shares-slip-on-weak-market-day","article_id":"2629413026","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/04/22/Aachen--Germany-September-2019-Uber-Driv.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/26/04/51976210/uber-extends-block-partnership-as-shares-slip-on-weak-market-day","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629413026","pubTimestamp":1776874980,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Uber slips despite expanding Block partnership to boost payments and global restaurant integrations.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","SG9999014906.USD":"大华全球优质成长基金Acc USD","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK4551":"寇图资本持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SG9999015978.USD":"利安颠覆性创新基金A","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4217":"自存仓储房地产信托","OND":"ProShares On-Demand ETF","DAPP":"VanEck Digital Transformation ETF","RSI":"Rush Street Interactive, Inc.","SMA":"Smartstop Self Storage REIT Inc","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","UBRL":"2倍做多UBER ETF-GraniteShares","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4585":"ETF&股票定投概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4550":"红杉资本持仓","BK4536":"外卖概念","BK4150":"赌场与赌博","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","UBER":"优步","SGXZ81514606.USD":"大华环球创新基金A Acc USD","BK4505":"高瓴资本持仓","BK4230":"旅客陆运","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","UBEW":"Roundhill UBER WeeklyPay ETF","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC"},"translate_title":"UBER延长Block合作伙伴关系，股价在市场疲软日下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1.5,"RSI":1,"SMA":1,"DAPP":1.5,"UBRL":0.6,"UBEW":0.6,"OND":0.9},"content_text":"• Uber Technologies stock is trending lower. Why is UBER stock trading lower?\nThe partnership aims to integrate Square’s Uber Eats capabilities internationally and introduce Cash App Pay as a payment option in the U.S. \nThis collaboration is expected to streamline restaurant operations and enhance customer experiences, particularly among younger consumers.\nMeanwhile, Coco Robotics launched autonomous delivery robots in San Jose via Uber Eats, expanding its U.S. footprint.\nThe rollout enables fast, zero-emission last-mile deliveries, helping restaurants improve efficiency and customer reach.\nThe move builds on Coco's growing network, leveraging AI-driven robotics to scale urban logistics across major cities\nThe broader market saw gains, with the Technology sector up 1.54% today. Uber’s decline comes as the broader sector moved higher, indicating company-specific factors may be at play.\nUber is currently trading within its 52-week range, with a high of $101.99 and a low of $68.46. The stock is trading 3.7% above its 20-day simple moving average (SMA) and 3% above its 50-day SMA, suggesting short-term strength, while it is 3.4% below its 100-day SMA and 11.9% below its 200-day SMA, indicating some intermediate-term weakness.\nThe relative strength index (RSI) is at 60.81, which is neutral, suggesting that the stock is neither overbought nor oversold at this time. The moving average convergence divergence (MACD) is bullish, with the MACD line above the signal line, indicating positive momentum.\nUber operates in over 70 countries, with over 202 million users who order rides or food at least once a month. The recent partnership with Block highlights Uber’s commitment to enhancing its service offerings and adapting to consumer payment preferences, which is crucial for maintaining its competitive edge in the rapidly evolving delivery and transportation markets.\nThe countdown is on: Uber is set to report earnings on May 6 (confirmed).\nAnalyst Consensus & Recent Actions: The stock carries a Buy rating with a consensus price target of $106.52. Recent analyst moves include:\nBelow is the Benzinga Edge scorecard for Uber, highlighting its strengths and weaknesses compared to the broader market:\nThe Verdict: Uber’s Benzinga Edge signal reveals a growth-heavy profile, but the low momentum score suggests it may struggle to maintain upward price movement in the near term.\nSignificance: Because Uber carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely trigger automatic buying or selling of the stock.\nUBER Stock Price Activity: Uber shares were down 2.42% at $75.39 at the time of publication on Wednesday, according to Benzinga Pro data.\nImage via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629413026","isCrawlerRequest":true}