This Is What Whales Are Betting On Uber Technologies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 90% of the spotted trades being bearish. The whales have been targeting a price range from $30.0 to $45.0 for Uber over the last 3 months. The current price of UBER is down -1.17% at $46.62. Several financial institutions have maintained or downgraded their ratings on Uber, with price targets ranging from $51 to $75.
July 26, 2023 | 3:16 pm
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A significant investor has taken a bearish stance on Uber Technologies. The current price of UBER is down -1.17% at $46.62. Several financial institutions have maintained or downgraded their ratings on Uber, with price targets ranging from $51 to $75.
The bearish stance taken by a significant investor, along with the mixed ratings from financial institutions, could potentially lead to a decrease in Uber's stock price in the short term. The targeted price range by the whales is also below the current price, indicating a potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100