UBER Stock Price Increased 7.22 after announcing partnership with Moderna

  • Date: 01/13/2021

The stock price of Uber Technologies Inc (NYSE: UBER) increased by 7.22% as it went from a previous close of $54.60 to $58.54.  One of the biggest reasons why it happened is due to an announcement about a partnership with Moderna for coronavirus vaccine awareness.

Uber and Moderna are going to work together initially to provide accessible, credible information on vaccine safety through Uber’s in-app messaging. And the two companies will also work with public health and other organizations to identify additional opportunities to support ongoing efforts to broaden access to COVID-19 vaccines. The additional options being evaluated include incorporating ride scheduling directly into the immunization appointment process and possibly integrating with vaccine providers’ systems to text reminders and enable patients to book rides in advance of their first or second immunization appointments.

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