As Musk Sells, Uber CEO Buys $9 Million in Shares

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Tesla CEO Elon Musk’s stock sales have investors buzzing about corporate insider stock transactions. But not every transportation CEO is selling.

Uber Technologies (ticker: UBER) CEO Dara Khosrowshahi made a $9 million purchase of his company’s shares on Monday. Though the reopening has seen a recovery for Uber’s ride-sharing business, the stock has struggled, down some 14% in 2021 and trading below its 2019 initial-public-offering price of $45.