Looking At Uber Technologies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Uber Technologies (NYSE:UBER), with 11 uncommon options trades spotted, 63% bullish and 36% bearish. Whales have been targeting a price range of $27.5 to $40.0 for Uber over the last 3 months. The stock is currently down 2.2% at $39.37.

June 07, 2023 | 2:49 pm
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NEUTRAL IMPACT
Uber Technologies has seen unusual options activity, with 63% bullish and 36% bearish trades. The stock is currently down 2.2% at $39.37.
The unusual options activity in Uber Technologies indicates that there is significant interest from big-money traders, which could lead to increased volatility in the short term. However, the mixed sentiment (63% bullish and 36% bearish) makes it difficult to predict a clear short-term price direction. The stock is currently down 2.2% at $39.37, and the RSI indicators hint that it may be approaching overbought territory. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100