Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

As Musk Sells, Uber CEO Buys $9 Million in Shares

by
November 21, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Text size

Uber CEO Dara Khosrowshahi made a $9 million purchase of his company’s shares on Monday.

Riccardo Savi/Getty Images for Concordia Summit


Tesla

CEO Elon Musk’s stock sales have investors buzzing about corporate insider stock transactions. But not every transportation CEO is selling.


Uber Technologies

(ticker: UBER) CEO Dara Khosrowshahi made a $9 million purchase of his company’s shares on Monday. Though the reopening has seen a recovery for Uber’s ride-sharing business, the stock has struggled, down some 14% in 2021 and trading below its 2019 initial-public-offering price of $45.

RELATED POSTS

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

Here’s where to invest $10,000 right now, according to the pros

Earlier this month, Uber reported its first quarterly profit on adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda. However, using generally accepted accounting principles, it still posted a net loss of $2.4 billion. The company blamed the GAAP loss on a $3.2 billion unrealized pretax loss from its stake in Chinese ride-sharing firm


DiDi Global

(DIDI).

Khosrowshahi bought 200,000 shares at an average price of $44.92, according to a filing with the Securities and Exchange Commission. He now owns about 1.18 million. It was his first open-market purchase of shares since he bought 250,000 in November 2019.

Uber didn’t return requests from Barron’s seeking comment from the company or the executive.

Khosrowshahi’s purchase helped push Uber stock higher Tuesday, but only fleetingly. Tesla stock (TSLA), on the other hand, mostly held up as Musk disclosed a series of stock sales, after conducting a


Twitter

poll in which users voted for him to sell 10% of his stake. Keep in mind that he’s also exercising expiring stock options, so his sales ostensibly will help pay options-related taxes.

Write to Connor Smith at connor.smith@barrons.com

ShareTweetPin

Related Posts

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

by
March 29, 2023
0

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan...

Here’s where to invest $10,000 right now, according to the pros

by
March 29, 2023
0

Markets have been hit by volatility over the past month leading some retail investors to question where to park their...

Mortgage demand gets a boost from bank volatility, but it may be short-lived

by
March 29, 2023
0

An 'open house' flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison...

Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns

by
March 29, 2023
0

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is up 50% so far in 2023, beating major...

IHOP overhauls its menu: Cinn-A-Stack pancakes are back, savory crepes are in

by
March 29, 2023
0

In this article DIN Follow your favorite stocksCREATE FREE ACCOUNT IHOP's new crepe lineup features sweet and savory flavors. Source:...

Next Post

Warren Buffett keeps selling billions worth of stock in this frothy market — here are 3 new places where he's finding value

Apple Car could double company’s revenue and market value, says Morgan Stanley

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com