Uber: inclusion in the Dow Jones Transportation Average

(CercleFinance.com) - Uber Technologies will be included in the Dow Jones Transportation Average on Monday, a real coup for this Californian group, which has long been loss-making but is now turning a profit.


S&P Dow Jones Indices announced last night that Uber would be included in this index, considered a good barometer of economic activity, on February 26, before the market opens.

The stock will replace JetBlue Airways, an airline whose recent stock market downturn has halved its weighting in the index.

Like many indices in the S&P Dow Jones family, the index is weighted according to the price of its constituent stocks, so low-value stocks have little impact on the index.

In a press release, S&P Dow Jones Indices explains that the arrival of Uber will give the index greater exposure to the recently expanded VTC sector.

On the New York Stock Exchange, Uber shares reacted positively to this prospect on Wednesday, posting gains of 0.9% in early morning trading.

With an increase of 24% since the beginning of the year, the market capitalization of the mobility specialist is over $160 billion, making it the 47th best-valued US-listed company today.

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