Check Out What Whales Are Doing With UBER
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. The whales have been targeting a price range from $35.0 to $52.5 for Uber over the last 3 months. Meanwhile, several financial institutions have maintained positive ratings on Uber, with price targets ranging from $55 to $60.
August 25, 2023 | 3:00 pm
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A large investor has taken a bearish stance on Uber, indicated by unusual options activity. The sentiment among these traders is more bearish than bullish. However, several financial institutions have maintained positive ratings on Uber, with price targets ranging from $55 to $60.
The bearish stance taken by a large investor, indicated by unusual options activity, suggests that there may be negative sentiment or information about Uber that could potentially drive its stock price down in the short term. However, the positive ratings and price targets from financial institutions suggest that they believe Uber's stock has potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100