Headquartered in San Francisco, Uber Technologies Inc. (UBER) operates in four segments: Mobility; Delivery; Freight; and Advanced Technologies Group (ATG) and Other Technology Programs. UBER and Albertsons Companies, Inc. (ACI) recently announced an extension of their relationship to encompass more than 2,000 of the grocer's banner shops nationwide through Uber Eats, including Albertsons, Safeway, Jewel-Osco, ACME, Tom Thumb, Randalls, and others. Uber Eats will now have roughly 800 more locations due to this expansion.
However, the company's shares are down 51% in price over the past year and 28.1% over the past month to close yesterday's trading session at $23.05. In addition, the stock is currently trading 55.9% below its 52-week high of $52.36.
