Uber Technologies Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Uber Technologies (NYSE:UBER), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The price target for Uber Technologies over the last 3 months has been between $35.0 to $60.0. Needham and RBC Capital have downgraded their actions to Buy and Outperform respectively, with price targets of $60 and $58.
October 02, 2023 | 4:01 pm
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POSITIVE IMPACT
Unusual options activity has been observed for Uber Technologies, indicating a bullish stance by a large investor or institution. This could potentially impact the stock's price in the short term.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on Uber. This could potentially lead to increased buying pressure, driving up the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100