Uber Technologies Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Uber Technologies' options activity. Out of 17 unusual trades, 76% were bearish and 23% bullish. The total amount for puts was $2,670,584 and for calls, $322,990. Whales have been targeting a price range from $35.0 to $65.0 for Uber over the last 3 months. The price of UBER is up 2.13% at $42.11. Seaport Global downgraded its action to Buy with a price target of $51.
October 30, 2023 | 4:45 pm
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Bearish stance observed in Uber's options activity. Whales have been targeting a price range from $35.0 to $65.0 for Uber over the last 3 months. The price of UBER is up 2.13% at $42.11. Seaport Global downgraded its action to Buy with a price target of $51.
The bearish stance in Uber's options activity indicates a negative sentiment among investors, which could potentially lead to a decrease in the stock's price. The downgrade by Seaport Global could also negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100