Spotlight on Uber Technologies: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Uber Technologies (NYSE:UBER) as indicated by a surge in options activity. Benzinga's options scanner identified 26 uncommon options trades, with 53% being bearish. Significant investors are targeting a price range of $35.0 to $100.0 for Uber over the next three months. The stock is currently trading at $69.94, down by 1.3%. Analysts have mixed ratings with a consensus target price of $84.2.
June 14, 2024 | 7:45 pm
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Uber Technologies has seen a surge in bearish options activity, with 53% of the trades being bearish. Significant investors are targeting a price range of $35.0 to $100.0 over the next three months. The stock is currently trading at $69.94, down by 1.3%. Analysts have mixed ratings with a consensus target price of $84.2.
The surge in bearish options activity suggests that significant investors are expecting a decline in Uber's stock price. The current price drop of 1.3% and mixed analyst ratings further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100