Uber Technologies stock soared 6% on Wednesday after the company said its Uber Eats platform added several new retail partners.
The increase came on June 24, when the share price ended up 5.95% according to TradingKey.
Analysts have been discussing whether demand distribution matters more than autonomous‑driving projects for the company’s long‑term growth.
Institutional investors became more confident after Uber announced self-driving car partnerships.
A Simply Wall Street report estimates the stock may be 13.9% undervalued.
The combined news pushed the share to new heights in trading.