Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $42.5 to $55.0 for Uber over the last 3 months. The current price of UBER is down -0.78% at $44.28. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $57 to $63.
August 22, 2023 | 5:01 pm
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A large investor has taken a bearish stance on Uber Technologies, with unusual options activity observed. The current price of UBER is down -0.78% at $44.28. Several financial institutions have maintained their positive ratings on Uber, with price targets ranging from $57 to $63.
The bearish stance taken by a large investor, as seen in the unusual options activity, could potentially drive the stock price down in the short term. However, the positive ratings maintained by several financial institutions could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100