Uber stock rises against a weak market as CFO talks tougher buybacks, self-driving bets
Uber shares rose 1.6% to $77.15 Tuesday afternoon, outperforming a falling market as CFO Balaji Krishnamurthy highlighted plans for opportunistic buybacks and investment in autonomous vehicles at a Morgan Stanley event. Options activity showed increased demand for downside protection despite the rally. Lyft fell 2.2%, DoorDash edged up 0.3%. Uber’s next earnings report is expected May 6.