Aurora Innovation stock falls as heavy volume tests Uber sale price, director buy level
Aurora Innovation shares fell on heavy volume on Tuesday, leaving the self-driving truck developer’s stock about 9.6% below the price at which Uber sold a large block earlier this month, but 6.3% above a later director purchase. That puts the stock between two recent owner-reference points as investors price Aurora’s shift from test runs to driverless freight revenue. Aurora closed down 2.1% at $6.42 on Nasdaq, with 34.4 million shares changing hands, about 26% above its 65-day average volume. The stock was little changed after hours at $6.43. Its Tuesday turnover was worth about $221 million at the closing price, large for a company whose latest quarterly revenue was still only $1 million.
