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Adam Eckert

Uber Shares Turn Lower Following Investor Day Presentation: Why This Investor Liked What He Heard

Uber NYSE Sarat Sethi Uber Technologies Inc

Uber Technologies Inc (NYSE:UBER) shares surged higher Thursday morning after the company announced strong quarterly results, but the stock was halted and turned negative following announcements at Uber's investor day presentation.

What Happened: "I think what happened was they gave us projections for 2024 ... and I think what investors are probably saying is how fast is that going to happen," Douglas C. Lane & Associates' Sarat Sethi said Thursday on CNBC, reporting live from Uber's investor presentation.

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