Wednesday, May 29, 2019

Time’s Running Out to Bet Against Billion-Dollar Loser Uber’s Stock

By CCN: The first earnings report for Uber stock is about to be released, and UBER is expected to have lost over a billion dollars in Q1. This loss comes despite an expected 20 percent revenue increase to $3.07 billion over last year’s same quarter. Uber Braces for $1 Billion Loss in First Quarter as a Public Company http://bit.ly/2EH7FyB — CCN.com (@CCNMarkets) May 27, 2019 It isn’t too late to short stock If you want to short Uber stock, time may be running out. Bears have gobbled up 70% of the short float, which skyrocketed from 13.6 million shares to 36

The post Time’s Running Out to Bet Against Billion-Dollar Loser Uber’s Stock appeared first on CCN



source https://www.ccn.com/time-running-short-billion-loser-uber-stock

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