Shares of Uber Technologies Inc. UBER rose during the trading day and in the after-hours session, as the ride-share giant prepares to report its fourth-quarter earnings after markets close Wednesday, Feb. 8.
On CNBC’s “The Final Call,” Michael Khouw of Optimize Advisors said that Uber Technologies had a “spectacular beginning to the year,” with its stock up by about 7% since Wednesday (Feb.1). Options trading on Friday implied a move of at least 11%, he added.
Check out other stocks making moves in the premarket.
There were buyers of 7,950 of the Feb. 10 weekly 32.5 calls (early last week), at an average price of $1.18 per contract, Khouw mentioned.
Carter Worth of Carter Braxton Worth Charting LLC said that one could not find a better chart. Uber’s share price has “moved above the well-defined downtrend line,” he explained.
UBER Price Action: Shares of Uber Technologies were trading 0.48% higher during Monday's premarket session at $33.25.
Now Read: Over $5M Bet On Uber Technologies? Check Out These 4 Stocks Insiders Are Buying
Photo: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
