This Is What Whales Are Betting On Uber Technologies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 58% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $27.5 to $45.0 for Uber over the last 3 months. The price of UBER is up 2.1% at $44.4. Needham downgraded its action to Buy with a price target of $60.
October 16, 2023 | 3:31 pm
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A significant investor has taken a bearish stance on Uber, with majority of investors opening bearish trades. The price of UBER is up 2.1% at $44.4. Needham downgraded its action to Buy with a price target of $60.
The bearish stance taken by a significant investor, along with the majority of investors opening bearish trades, indicates a potential downward pressure on Uber's stock price. However, the stock is currently up 2.1% and Needham has downgraded its action to Buy with a price target of $60, which could potentially offset some of the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100