direct: Uber share price jumped by more than 38 percent at the close of trading on Thursday, after the company announced its abundance of liquidity to overcome the spread crisis “Covid-19”.
The company CEO, Dara Khusrawshahi, said in a call with the analysts, today, Thursday, that “Uber” has a lot of cash on hand to enable it to overcome the effects of the Corona virus.
Uber announced earlier in the week the suspension of its flights service in the United States and Canada.
“Khosroshahi” explained that the company’s car trips sector witnessed a decrease between 60 and 70 percent in the countries most affected by “Covid-19”, while the food delivery sector “Uber Eats” is growing, adding that it is the important supplier for the company now.
Many companies continue to shut down in an attempt to slow the spread of the epidemic, with 9,300 cases confirmed in the United States and at least 150 people dead.
Upon closing, Uber’s share price rose nearly 38.3 percent to $ 20.49.
The “Uber” share fell to its lowest level ever at the close of yesterday’s session, recording $ 14.8.
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