Uber Technologies Unusual Options Activity For May 21
Portfolio Pulse from Benzinga Insights
Significant options activity has been detected for Uber Technologies, with a noticeable bearish stance from large investors. Out of 25 trades, 60% were bearish, involving a total of $770,530 in puts and $619,747 in calls. Analysts maintain a Buy rating with an average price target of $92.6.
May 21, 2024 | 7:31 pm
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Uber Technologies has seen significant bearish options activity, with 60% of trades being bearish. Despite this, analysts maintain a Buy rating with an average price target of $92.6.
The significant bearish options activity suggests that large investors are expecting a decline in Uber's stock price in the short term. However, the maintained Buy ratings and high price targets from analysts indicate a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100