Looking At Uber Technologies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Uber Technologies (NYSE:UBER) indicates a bearish sentiment among deep-pocketed investors, despite a divided general mood with 35% bullish and 64% bearish. The activity includes 53 extraordinary options activities, with a price window eyed from $30.0 to $90.0. Significant trades include both bullish and bearish calls with expiration dates in 2025. Uber's current market status shows a 3.98% increase in price at $79.48, with RSI indicators suggesting it may be approaching overbought. Analysts have set an average price target of $83.8, with varying ratings from Buy to Market Outperform.
February 22, 2024 | 8:30 pm
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NEUTRAL IMPACT
Unusual options activity and bearish sentiment among investors, with a current price increase and analysts' average price target of $83.8.
The bearish sentiment from options activity contrasts with the current price increase and optimistic analyst targets, creating uncertainty. The mixed sentiment among investors and analysts suggests a neutral short-term impact, as the market digests both the bearish options signals and the positive current performance and analyst outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100