The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Uber Technologies Inc shares valued at $1,556,674 were sold by Hazelbaker Jill on Feb 14 ’24. At $77.83 per share, Hazelbaker Jill sold 20,000 shares. The insider’s holdings dropped to 107,290 shares worth approximately $7.98 million following the completion of this transaction.
Also, West Tony sold 18,750 shares, netting a total of over 1,313,926 in proceeds. Following the sale of shares at $70.08 each, the insider now holds 185,566 shares.
Before that, KHOSROWSHAHI DARA had sold 100,000 shares from its account. In a trade valued at $5,284,000, the Chief Executive Officer traded Uber Technologies Inc shares for $52.84 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $75.56 million.
As published in a research note from BTIG Research on February 22, 2024, Uber Technologies Inc [UBER] has been retained to a Buy and the price target has been revised to $90. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 24, 2024, Gordon Haskett has decreased its “Buy” rating to a “Hold” for UBER. Earlier on January 22, 2024, Needham resumed its rating. Their recommendation was “a Buy” for UBER stock.
Analyzing UBER Stock Performance
During the last five days, there has been a drop of approximately -3.20%. Over the course of the year, Uber Technologies Inc shares have jumped approximately 20.76%. Shares of the company reached a 52-week high of $82.14 on 03/04/24 and a 52-week low of $57.22 on 01/05/24. A 50-day SMA is recorded $75.94, while a 200-day SMA reached $56.89. Nevertheless, trading volume fell to 12.52 million shares from 22.87 million shares the previous day.
Support And Resistance Levels for Uber Technologies Inc (UBER)
According to the 24-hour chart, there is a support level at 73.49, which, if violated, would cause prices to drop to 72.63. In the upper region, resistance lies at 75.26. The next price resistance is at 76.17. RSI (Relative Strength Index) is 42.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 87.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Uber Technologies Inc subject to short interest?
Stocks of Uber Technologies Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 3.12 million shares to 57.82 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 54.7 million shares. A jump of 5.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.28 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.28.
