On August 24, Aurora Innovation fell 5.05% in regular trading, trading at $5.88/share, with turnover of approximately $67.86 million.

On the news front, ride-hailing giant Uber completed a block sale of 72 million Class A common shares of Aurora Innovation through its wholly-owned subsidiary Neben Holdings at $6.55 per share, generating approximately $472 million in proceeds. Following the transaction, Uber's ownership stake declined from a previously higher level to approximately 10.9%, with about 186 million shares remaining. According to regulatory filings, the block trade was executed on August 17 with a financial institution as counterparty. Market analysis suggests the divestiture is part of Uber's broader strategy to optimize its balance sheet and manage non-core asset investments.

Aurora Innovation is a self-driving technology company developing the Aurora Driver platform for autonomous passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company reported Q2 net loss of $0.14 per diluted share, wider than analyst expectations of $0.12 loss, while revenue of $2 million beat the $1.7 million consensus estimate.

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