Uber stock jumped Monday morning after the ride-hail giant announced a $1.5 billion accelerated share repurchase agreement.

As UBER announces a $1.5 billion accelerated share repurchase program, we assess the stock's current positioning to determine if it's a good investment at this juncture.

Uber shares jumped Monday after the ridesharing company said it is starting a $1.5 billion accelerated stock buyback program as part of the $7 billion program it announced last year.

Uber Technologies, Inc. (NYSE:UBER) announced it has entered into an accelerated share repurchase (ASR) agreement with Bank of America to repurchase $1.5 billion worth of stock as part of its previously authorized $7 billion share repurchase program,

Uber's stock surged after announcing a $1.5 billion share repurchase plan, part of a broader $7 billion buyback initiative.