Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / UBER - Food delivery stocks slammed on concerns over higher gas prices

UBER - Food delivery stocks slammed on concerns over higher gas prices

Uber Technologies Inc.
Investors are bidding down food delivery stocks as higher gas prices are seen potentially hurting both demand and driver costs. DoorDash ([[DASH]] -8.6%), Waitr Holdings ([[WTRH]] -4.4%), Grubhub ([[GRUB]] -9.2%) and even multi-business Uber ([[UBER]] -4.8%) are all sharply lower on the day. The dynamic is different in Europe, but earlier in the day Just Eat Takeaway.com (TKAYF) fell more than 8% in Amsterdam. The difficult day for the sector arrives a day ahead of DoorDash earnings. The company is expected to report revenue of $998M, EPS of -$0.13 and average order value of $29.81. See all the consensus marks on DoorDash.

For further details see:

Food delivery stocks slammed on concerns over higher gas prices
Stock Information
Company Name: Uber Technologies Inc.
Stock Symbol: UBER
Market: NYSE
Website: uber.com
Menu
UBER UBER Quote UBER Short UBER News UBER Articles UBER Message Board
Get UBER Alerts

News, Short Squeeze, Breakout and More Instantly...