Uber Technologies Inc. shares rose more than 2.8% on Thursday after Chief Executive Officer Dara Khosrowshahi purchased $10 million worth of company stock. Khosrowshahi bought 141,000 shares of UBER common stock at a weighted average price of $70.9642 per share, according to a regulatory filing with the U.S. Securities and Exchange Commission, with individual transactions ranging from $70.73 to $71.18 per share. After the transaction, the CEO directly holds 1,367,100 shares of Uber common stock. The ride-hailing company's stock is down roughly 12% year-to-date.
Uber Technologies IncCEO Dara Khosrowshahi bought $10 million of Uber stock, a bullish insider-purchase signal.
