This content is from: Premium
Hedge Funds Cheer Uber’s Surge
A large group of well-known hedge funds made big second-quarter bets on the ride-hailing company. Will they be rewarded?
Uber Technologies’ stock surged on Tuesday after the ride-hailing company delivered very upbeat guidance.The stock closed at $44.36, up 11.5 percent on the day.This was good news for the slew of high-profile hedge funds that made big bets on the company in the second quarter.Uber said in a regulatory filing
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.