Looking At Uber Technologies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) as indicated by unusual options activity. The sentiment among big-money traders is split between 39% bullish and 60% bearish. Whales have been targeting a price range from $30.0 to $60.0 for Uber over the last 3 months. The price of UBER is currently down -2.19% at $42.7. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $50 to $65.
July 06, 2023 | 2:47 pm
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Unusual options activity indicates a bearish stance on Uber Technologies. The sentiment among big-money traders is 60% bearish. The price of UBER is currently down -2.19% at $42.7. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $50 to $65.
The bearish stance taken by big-money traders, as indicated by the unusual options activity, suggests a potential downward pressure on Uber's stock price in the short term. However, the maintained positive ratings from several financial institutions could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100