Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Uber Technologies (NYSE:UBER), with a majority of investors taking a bullish stance. The trades include 3 puts for a total of $248,476 and 12 calls for a total of $667,438. Whales have been targeting a price range from $22.5 to $50.0 for Uber over the last 3 months. The current price of UBER is up 1.69% at $44.45. Several research firms have maintained their ratings on Uber, with price targets ranging from $56 to $64.
August 14, 2023 | 6:46 pm
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Unusual options activity has been detected for Uber Technologies, with a majority of investors taking a bullish stance. The current price of UBER is up 1.69% at $44.45. Several research firms have maintained their ratings on Uber, with price targets ranging from $56 to $64.
The unusual options activity, majority of which is bullish, indicates that investors are expecting the price of Uber to rise. This, coupled with the fact that several research firms have maintained their positive ratings on Uber with high price targets, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100