Market Whales and Their Recent Bets on UBER Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Uber Technologies, with 28 unusual options trades identified. The majority of these trades are calls, indicating a positive sentiment. Analysts have set price targets ranging from $75 to $98, with a current stock price of $71.75. The stock is approaching overbought levels, and earnings are expected in 69 days.
August 28, 2024 | 5:01 pm
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Uber Technologies has seen significant bullish options activity, with 20 call trades valued at $3.9M. Analysts maintain a positive outlook with price targets up to $98, despite a current price dip to $71.75.
The article highlights a strong bullish sentiment in Uber's options market, with a majority of trades being calls. Analysts' price targets are higher than the current price, suggesting potential upside. The stock's RSI indicates it may be overbought, but the overall sentiment and analyst ratings support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100