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1 Reason Uber Stock Is Approaching All-Time Highs

The growth stock has been on fire this year, thanks to strong fundamental performance.Uber (UBER -1.28%) is currently on an unbelievable run. Shares have skyrocketed 56% just this year (as of Sept. 9). Investors are certainly excited. This growth stock hit an all-time high of $97.48 in July of this year. It trades 3% below that peak today. Here's one reason Uber is trading close to record territory. Huge losses to huge profitsOver the long term, a stock's performance starts to mimic the company's underlyin ...