Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Uber Technologies (NYSE:UBER) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The 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 up 0.73% at $48.49. Several financial institutions have maintained their Buy rating on Uber with price targets ranging from $51 to $66.
July 31, 2023 | 2:16 pm
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Unusual options activity indicates a bullish stance on Uber Technologies. The price of UBER is up 0.73% at $48.49. Several financial institutions have maintained their Buy rating on Uber with price targets ranging from $51 to $66.
The unusual options activity, which is heavily skewed towards calls, indicates a bullish sentiment among big-money traders. This, coupled with the maintained Buy ratings from several financial institutions, suggests a positive short-term impact on Uber's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100