Uber Stock Is Set to Join the S&P 500. Should You Buy Before It Joins?

By Parkev Tatevosian, CFA – Dec 8, 2023 at 6:15AM

NYSE: UBER

Uber Technologies

Market Cap

$144B

Today's Change

(0.96%) $0.66

Current Price

$69.23

Price as of May 3, 2024, 4:00 p.m. ET

Uber is slated to join the S&P 500 index later in December. The move could bring increased buying demand for Uber stock.

Fool.com contributor Parkev Tatevosian reviews what the news of Uber (UBER 0.96%) joining the S&P 500 could mean for shareholders and answers if investors should buy the stock before the join date.

*Stock prices used were the afternoon prices of Dec. 5, 2023. The video was published on Dec. 7, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.