A woman sits in the back of a car, possibly a rideshare, looking at her mobile phone. The lights of New York City streak past.

Uber Shares Hit Record Low as Post-IPO Lockup Expires

Jay Ritter

“Uber Technologies Inc. shares hit an all-time low Wednesday as the ‘lockup’ period following its May initial public offering ended, delivering a blow to a company that has struggled to satisfy investors,” writes The Wall Street Journal. 

Cordell Eminent Scholar Chair Jay Ritter commented on the shares traded after the lockup period ended and more in this story from The Wall Street Journal