Why Uber's Stock Is Trading Higher Today

Uber UBER shares are trading higher on Tuesday after the company reaffirmed its fiscal year 2021 profitability goal and said prices will rise in large cities and in small cities in California.

Uber offers vehicles for hire, food delivery, package delivery, couriers, freight transportation and through its partnership with Lime, electric bicycle and motorized scooter rentals.

Uber shares traded up 7.19% to $36.69 on Tuesday at the time of publication. The stock has a 52-week high of $41.86 and a 52-week low of $13.71.