Uber Technologies stock jumped 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 closed up 5.95% according to TradingKey.
Analysts have been weighing whether demand distribution is more important than autonomous‑driving projects for the company’s long‑term growth.
Institutional investors became more confident after Uber announced robotaxi collaborations.
A Simply Wall Street report estimates the stock may be 13.9% cheap.
The combined news propelled the share higher in trading.