Uber Technologies Unusual Options Activity For September 08
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Uber Technologies (NYSE:UBER) has been observed, with 27 uncommon options trades spotted. The sentiment of these big-money traders is split between 40% bullish and 59% bearish. Whales have been targeting a price range from $35.0 to $55.0 for Uber over the last 3 months. Wells Fargo, Loop Capital, and RBC Capital have maintained their positive ratings on Uber, with price targets of $59, $58, and $58 respectively.
September 08, 2023 | 3:16 pm
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NEGATIVE IMPACT
Bearish options activity observed for Uber Technologies. Analysts from Wells Fargo, Loop Capital, and RBC Capital maintain positive ratings with price targets of $59, $58, and $58 respectively.
The bearish options activity indicates that some investors are expecting Uber's stock price to decrease. However, the positive ratings and price targets from Wells Fargo, Loop Capital, and RBC Capital suggest that these analysts believe Uber's stock price will increase. The discrepancy between these views could lead to increased volatility in Uber's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100