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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 08:34 EDT
Deutsche Bank analyst Lloyd Walmsley says that after finding what appeared to be Lyft (LYFT) discounting prices in Latin American, which Uber (UBER) also noted on its Q4 call, he's observing tighter pricing between Lyft and Uber both in early February price comparisons and again in early March. In addition, the analyst flags insider buying from Lyft's CFO, Brian Roberts, who filed open market purchases of 22,500 shares on February 20. Walmsley expects "some temporary impact" from the coronavirus, but he thinks the down 20% / 32% moves for Uber / Lyft since February 11 already prices in a "relatively high impact." The analyst reiterates Buy ratings on both Uber and Lyft and would add to positions after the primarily coronavirus-related pullbacks in both names, with a continued preference for Uber.
News For LYFT;UBER From the Last 2 Days
May 19, 2022 | 09:02 EDT
Uber Technologies (UBER) and Grocery Outlet (GO) announced they are teaming up to pilot on-demand and scheduled grocery delivery. Starting today, 72 Grocery Outlet stores across California, Oregon, and Washington are available to shop through Uber and Uber Eats. "We are excited about the long-term potential of our eCommerce initiative at Grocery Outlet and this new partnership with Uber," said RJ Sheedy, President of Grocery Outlet. "We think it's important to make our great-value products available across another platform and to a greater audience, introducing Grocery Outlet to customers who may not have shopped with us before."