Uber Technologies Inc (NYSE:UBER) shares are trading higher Thursday morning following a Wall Street Journal report indicating the company has reached a deal to list all New York City taxis on its app.
The report suggests the new deal could help the ride-hailing giant better manage its driver shortage. The deal could also help reduce high fees on the platform.
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers.
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UBER Price Action: Uber has traded between $28.27 and $61.50 over a 52-week period.
The stock was up 7.08% at $35.40 at time of publication.
Photo: RyanMcGuire from Flickr.
