Why These 5 Stocks Moved on Wednesday

3. Uber Technologies, Inc. (NYSE:UBER) rose by 6.6% likely thanks to Lyft, Inc. (NASDAQ:LYFT)’s strong performance today.
Since Uber Technologies, Inc. (NYSE:UBER) is in the same sector, the company could potentially realize more demand if sector demand is stronger. Altimeter Capital Management was among the elite funds that held shares in Uber Technologies, Inc. (NYSE:UBER) at the end of Q2.