Uber Stock Surges as Ackman’s Pershing Square Builds Position in Ride-Hailing Company - Barron's
1. Bill Ackman revealed a significant stake in Uber, buying 30.3 million shares. 2. Uber stock surged 8.3% to $75.76 after Ackman's announcement. 3. Ackman considers Uber as one of the best managed companies worldwide. 4. He believes Uber is trading at a substantial discount to its intrinsic value.