This Is What Whales Are Betting On Uber Technologies
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. The targeted price range for Uber over the last 3 months is from $34.0 to $65.0. Wells Fargo, Loop Capital, and RBC Capital have maintained their positive ratings on Uber, with price targets of $59, $58, and $58 respectively.
September 12, 2023 | 5:45 pm
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A large investor has taken a bearish stance on Uber, indicated by unusual options trades. The sentiment among these traders is more bearish than bullish. Analysts from Wells Fargo, Loop Capital, and RBC Capital maintain positive ratings on Uber.
The bearish stance taken by a large investor, indicated by unusual options trades, could potentially drive the stock price down in the short term. However, the positive ratings maintained by Wells Fargo, Loop Capital, and RBC Capital could counteract this effect to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100