Check Out What Whales Are Doing With UBER

Whales with a lot of money to spend have taken a noticeably bullish stance on Uber Technologies.

Looking at options history for Uber Technologies UBER we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $269,300 and 12, calls, for a total amount of $1,139,034.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $100.0 for Uber Technologies, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 2945.1 with a total volume of 6,830.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Uber Technologies's big money trades within a strike price range of $30.0 to $100.0 over the last 30 days.

Uber Technologies Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Uber Technologies

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month. Approximately 56% of its gross revenue comes from ridesharing and 31% from food delivery.

Following our analysis of the options activities associated with Uber Technologies, we pivot to a closer look at the company's own performance.

Where Is Uber Technologies Standing Right Now?

• With a trading volume of 2,536,306, the price of UBER is up by 0.58%, reaching $78.48.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 67 days from now.

Expert Opinions on Uber Technologies

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.2.

• Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Uber Technologies, targeting a price of $85.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Uber Technologies with a target price of $85.
• Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $90.
• An analyst from JMP Securities persists with their Market Outperform rating on Uber Technologies, maintaining a target price of $76.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $90.

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