Sep. 21 at 3:34 PM
$AUR
Even after offloading chunks of AUR stock (including 72 million shares in Aug and 29.4 million in Sept), Uber still holds over 157 million shares. The potential for further large UBER sell orders tends to limit stock value. When the stock begins to rally, the market anticipates another block sale, which tends to kill any momentum.
Unfortunately, this potential for UBER to issue large AUR sell orders will continue to depress valuation expansion for the next several quarters.
However, that trend would be reversed if some other major institutional players step in with large buy orders. That could easily happen with successful AUR on-the-road expansion in the 4th quarter. Uber is primarily focused on passenger cars, but there are a lot of large truck companies who could find great rewards through integrated AUR relationships.
