Looking At Uber Technologies's Recent Unusual Options Activity
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 activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $37.5 to $55.0 for Uber over the last 3 months. Needham and RBC Capital have downgraded their actions on Uber with price targets of $60 and $58 respectively.
September 28, 2023 | 2:32 pm
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Unusual options activity indicates a significant bearish stance on Uber Technologies. The sentiment among big-money traders is 70% bearish. Needham and RBC Capital have downgraded their actions on Uber.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting Uber's stock price to decrease. This is further supported by the downgrades from Needham and RBC Capital.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100