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 overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $40.0 to $60.0 for Uber over the last 3 months. RBC Capital, Truist Securities, and Bernstein have maintained their positive ratings on Uber, while Morgan Stanley and DA Davidson have downgraded their actions.
August 29, 2023 | 6:16 pm
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A large investor has taken a bearish stance on Uber Technologies, with unusual options activity indicating a potential price range of $40.0 to $60.0. Analysts have mixed views, with some maintaining positive ratings and others downgrading.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. However, the mixed views from analysts could create uncertainty in the market, impacting the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100