Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bullish trades have been observed in Uber Technologies' options, with whales targeting a price range of $35.0 to $55.0 over the last 3 months. The largest trades include both puts and calls, with the biggest put trade at a strike price of $45.00 and the biggest call trade at a strike price of $35.00. RBC Capital has downgraded its action to Outperform with a price target of $58. Uber's stock price is currently down by 0.95% at $47.07.
September 18, 2023 | 4:15 pm
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POSITIVE IMPACT
Bullish trades in Uber's options suggest positive investor sentiment. However, the stock price is currently down and RBC Capital has downgraded its action to Outperform with a price target of $58.
The bullish trades in Uber's options indicate that investors are expecting the stock price to rise. However, the current decrease in stock price and the downgrade by RBC Capital may impact this expectation. The price target of $58 set by RBC Capital suggests a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100