Down 27%, Is Uber Stock an Incredible Buying Opportunity Before the End of 2024?

Ever since it had its initial public offering in May 2019, Uber (NYSE: UBER) has taken its investors on a bumpy ride. Things were looking up through the first nine months of this year, but as of this writing, shares trade 28% below their October all-time high.Does this current dip make the transportation-as-a-service stock an incredible buying opportunity before the end of 2024? Here's what investors need to know.The past couple of months, a time when the stock has seen downward pressure, have brought some important developments as they relate to Uber. On Oct. 10, Tesla held its highly anticipated robotaxi event, with founder and CEO Elon Musk saying that the business could bring unsupervised driving to Texas and California next year. Uber shares popped the next day but ended October down 17% from the day after the Tesla event.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool