Shares of Uber Technologies (NYSE: UBER) sank 5% Friday on a report that Goldman Sachs (NYSE: GS) is looking to unload 38 million shares in a block trade.
According to a midday Seeking Alpha brief, the shares up for sale are being offered between a range of $53.90 and $56.13, a 4% discount to Thursday’s closing price at the low end of the range.
A potential seller (or sellers) was not identified but the update referenced the likely candidates could include large holders like SoftBank (OTC US:...
https://s29755.pcdn.co/news/uber-shares-sag-on-report-of-large-sale