Check Out What Whales Are Doing With UBER
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among whales trading Uber Technologies (NYSE:UBER) options, with a mix of bullish and bearish trades observed. The analysis indicates a price window of $60.0 to $82.5 for UBER based on options trading volume and open interest. Currently, UBER's stock is slightly up by 0.24% at $66.43, with expert opinions suggesting a higher target price of up to $93.6 despite the bearish options sentiment.
May 01, 2024 | 2:31 pm
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Bearish options trading sentiment among whales, with a current slight increase in stock price to $66.43. Expert target prices suggest potential upside.
Despite the bearish sentiment in options trading, the current slight increase in UBER's stock price and the optimistic target prices set by market experts suggest a potential short-term upside. The bearish options sentiment may reflect hedging strategies rather than direct market predictions, while the expert ratings indicate confidence in the company's fundamentals and growth prospects.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100