Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Uber Technologies (NYSE:UBER), with a mix of bullish and bearish expectations. Of the 22 strange trades detected, 5 were puts amounting to $1,957,926 and 17 were calls amounting to $1,009,387. Whales have been targeting a price range from $30.0 to $60.0 for Uber over the last 3 months. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $51 to $60.
August 07, 2023 | 6:45 pm
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Unusual options activity has been observed for Uber Technologies, indicating a mix of bullish and bearish expectations from investors. Several financial institutions have maintained their positive ratings on Uber, suggesting a positive outlook.
The unusual options activity indicates that there is a significant amount of interest in Uber's stock, which could lead to increased volatility. The positive ratings from financial institutions suggest a positive outlook, but the mix of bullish and bearish expectations from the options trades indicates uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100