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via finance.yahoo.comBusiness & Companies

Instacart jumps about 9% on report of possible sale to Uber or DoorDash

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Instacart (CART) closed up 9.2% on Friday after The Information reported the grocery-delivery company was exploring a sale and had held preliminary discussions with Uber (UBER) and DoorDash (DASH). Shares of both potential buyers hit session lows. Still guessing…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishReports of a possible acquisition by Uber or DoorDash affect the target stock and the potential buyers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Instacart closed up 9.2% on Friday after The Information reported preliminary talks with Uber and DoorDash.
  2. 02Shares of both potential buyers hit session lows.
  3. 03Instacart, valued at about $12 billion, is working with an investment bank.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Maplebear Inc.CARTStock56.44 USDMarket closedtoday +9.21%Positive Uber Technologies, Inc.UBERStock66.70 USDMarket closedtoday -3.43%Negative DoorDash, Inc.DASHStock179.38 USDMarket closedtoday -3.53%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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