---
title: "Why Is Uber Technologies Stock Gaining Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298734049.md"
description: "Uber Technologies stock rose on Friday following CEO Dara Khosrowshahi's purchase of approximately $10 million in company shares. According to an SEC Form 4 filing, Khosrowshahi bought 141,000 shares at a weighted average price of $70.96. This move follows another significant insider buy by President Andrew Macdonald. Despite the positive news, Uber's technical indicators remain weak, with shares trading below key moving averages and momentum staying negative."
datetime: "2026-09-11T12:27:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298734049.md)
  - [en](https://longbridge.com/en/news/298734049.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298734049.md)
generator: "portal-rs"
---

# Why Is Uber Technologies Stock Gaining Friday?

**Uber Technologies Inc.** (NYSE:UBER) stock rose Friday after CEO **Dara Khosrowshahi** bought about $10 million of company stock.

## CEO Buys 141,000 Shares

Khosrowshahi purchased 141,000 Uber shares Thursday at a weighted average price of $70.9642, according to a Form 4 filing with the U.S. Securities and Exchange Commission.

The shares were bought at prices ranging from $70.73 to $71.18. The transaction was valued at about $10 million.

Khosrowshahi’s purchase followed another sizable insider buy. President and Chief Operating Officer **Andrew Macdonald** purchased 70,000 Uber shares on Sept. 4 for about $5.3 million.

 **See More: Top Growth Stocks** 

## Uber Technical Analysis

Uber’s early gain comes as the stock tries to stabilize after a choppy stretch. Shares remain below several widely watched moving averages, making a potential technical rebound a key focus for traders.

At $73.23, Uber trades below its major moving averages. Shares are 4.2% below the 20-day SMA of $76.33 and 3.9% below the 200-day SMA of $76.09.

The stock is also 1.2% below its 50-day SMA of $73.95 and 0.8% below its 100-day SMA of $73.65.

Momentum remains weak. MACD is below its signal line, while the histogram is negative. However, the 20-day SMA remains above the 50-day SMA.

Meanwhile, the January death cross, when the 50-day SMA fell below the 200-day SMA, continues to weigh on the intermediate trend.

The shares have fallen 23.36% over the past 12 months. The stock’s 52-week range is $65.41 to $101.99.

Key resistance sits near $78.50, while support is around $67.

**UBER Stock Price Activity:** Uber Technologies shares were up 0.92% at $73.23 during premarket trading on Friday, according to Benzinga Pro data.

*Image via Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**