Home Analysts Viewpoint The Attractiveness of Investing In Uber Technologies Inc. (UBER) is Growing

The Attractiveness of Investing In Uber Technologies Inc. (UBER) is Growing

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The Attractiveness of Investing In Uber Technologies Inc. (UBER) is Growing

In a filing, Uber Technologies Inc. revealed its insider West Tony unloaded Company’s shares for reported $0.13 million on Sep 14. In the deal valued at $32.00 per share,4,167 shares were sold. As a result of this transaction, West Tony now holds 142,593 shares worth roughly $ 4.05 million.


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Then, West Tony sold 87,841 shares, generating $2,745,864 in total proceeds. Upon selling the shares at $31.26, the insider now owns 141,944 shares.

Before that, KHOSROWSHAHI DARA bought 200,000 shares. Uber Technologies Inc. shares valued at $5,345,520 were divested by the Chief Executive Officer at a price of $26.73 per share. As a result of the transaction, KHOSROWSHAHI DARA now holds 1,420,968 shares, worth roughly $40.34 million.

Raymond James upgraded its Uber Technologies Inc. [UBER] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 25.29 to its Friday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid July with a ‘”a Sector weight”‘ rating.

Price Performance Review of UBER

On Friday, Uber Technologies Inc. [NYSE:UBER] saw its stock fall -1.18% to $28.39. On the same session, the stock had its day’s lowest price of $28.04, but rose to a high of $29.725. Over the last five days, the stock has gained 3.24%. Uber Technologies Inc. shares have fallen nearly -32.29% since the year began. Nevertheless, the stocks have fallen -37.29% over the past one year. While a 52-week high of $48.74 was reached on 01/05/22, a 52-week low of $19.90 was recorded on 06/30/22. SMA at 50 days reached $28.62, while 200 days put it at $28.95. A total of 22.28 million shares were traded, compared to the trading of 37.08 million shares in the previous session.

Levels Of Support And Resistance For UBER Stock

The 24-hour chart illustrates a support level at 27.71, which if violated will result in even more drops to 27.03. On the upside, there is a resistance level at 29.40. A further resistance level may holdings at 30.40. The Relative Strength Index (RSI) on the 14-day chart is 51.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.53%. Stochastics %K at 57.19% indicates the stock is a holding.

How much short interest is there in Uber Technologies Inc.?

A steep rise in short interest was recorded in Uber Technologies Inc. stocks on Jul 14, 2022, growing by 3.14 million shares to a total of 73.66 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 70.52 million shares. There was a rise of 4.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.51.

Uber Technologies Inc. [UBER] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 100,696,839 shares, or roughly 5.09% of the outstanding UBER shares. In other words, the investor’s shares have risen by 14,190,120 from its previous 13-F filing of 86506719.0. Additionally, Morgan Stanley Investment Managem increased 17.95% of its stake after which the total value it holdings stand at $2,234,999,930, while Fidelity Management & Research Co reduced -1.91% of its stake to hold $1.91 billion in the firm. Over the last quarter, Morgan Stanley Investment Managem purchased 25,733,702 shares of Uber Technologies Inc., while BlackRock Fund Advisors bought 3,876,207 shares. At present, Jennison Associates LLC is holding 47,898,025 shares valued at $1.27 billion. SSgA Funds Management, Inc. owned 37,276,770 shares of the company at the time of its most recent 13F filing, worth $987.83 million.

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