Smart Money Is Betting Big In UBER Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment towards Uber Technologies (NYSE:UBER), with 66% of trades being bearish. The trading volume and open interest analysis suggest a targeted price range of $40.0 to $80.0 for UBER over the last 3 months. The company, a major player in ridesharing and food delivery, operates in over 63 countries. Despite the bearish options sentiment, UBER's stock is slightly up by 0.31%, trading at $68.28. Analysts have set an average price target of $73.0, with ratings ranging from Outperform to Buy.
February 05, 2024 | 3:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bearish options activity contrasts with a slight stock price increase and optimistic analyst targets. The company's broad operational base and upcoming earnings report could influence short-term price movements.
The bearish options sentiment suggests market participants are preparing for a potential downside. However, the stock's recent performance and positive analyst ratings indicate underlying strength. The upcoming earnings report is a critical event that could sway the stock's direction, making the short-term impact neutral as the market awaits further cues.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100