Uber's Shares Slip 1.67% as 1.41 Billion Shares Traded Rank 51st Amid Autonomous Mobility Push

Uber (UBER) closed August 20, 2025, down 1.67% to $95.18, with a trading volume of 1.41 billion shares, ranking 51st in market activity. The stock’s momentum and growth scores remain elevated, reflecting strong analyst confidence despite mixed valuation metrics.

Recent developments highlight Uber’s strategic pivot toward autonomous mobility. Partnerships with Waymo and Lucid are accelerating adoption, with Waymo completing 2.2 million trips via Uber’s platform in Q2—up 427% year-over-year. The company also announced a six-year agreement to deploy over 20,000 Lucid Robotaxis in a major U.S. city by 2030. Concurrently, Uber is incentivizing drivers to transition to electric vehicles, offering up to $21,500 in Colorado—a move aimed at aligning its fleet with long-term sustainability goals.

Operational adjustments underscore the company’s focus on food delivery and expanded services. Uber Eats now dominates the app’s homepage, integrating grocery orders and scooter rentals. This shift follows a 73% decline in ride-sharing revenue in Q2 2020, contrasting with a 113% surge in food delivery orders during the same period. A $24.99 monthly Uber Pass subscription, offering discounts on rides and delivery fees, is being rolled out nationwide to reinvigorate rider demand.

A backtest of a strategy buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 1-day return of 0.98% and a total return of 31.52% over 365 days. This suggests the approach captured short-term momentum but also exposed investors to market volatility and timing risks.