Uber Stock Slides Up a Bit: Time To Take a Risk And Invest?

Even though a few days ago Uber (UBER) stock lost 2.75%, today, on August 2, it is aimed to have a 1.33% or $0.58 rise. Needless to say, these are not the numbers, when the stock jumped until more than $60 however, today’s stock chart represents the normal state of Uber’s valuable papers and the next wave of growth is somewhere close.

The worsening of the COVID-19 pandemic forced Uber to reschedule employees’ work plans and shift the return-to-office date to one month further: from September 25 to October 25 with no warranty of those special conditions will get cancelled or not due to unexpected Coronavirus upsurges.

On July 29, Uber staff got emailed by the company’s Chief Executive Officer Dara Khosrowshahi about some necessary factors newly needed from the single employee to be able to come to the office on a normal basis. For instance, every staff member who entered the Uber property has to wear a mask even if he or she got the vaccine. Moreover, the company informed about the necessity of having a vaccine for every Uber office worker starting Monday, August 2. Within that news, the number of San Francisco-based Uber employees requiring vaccines is increasing.

Robert McDowney

Author

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