Uber Technologies Inc’s filing revealed that its insider Hazelbaker Jill unloaded Company’s shares for reported $1.56 million on Feb 14 ’24. In the deal valued at $77.83 per share,20,000 shares were sold. As a result of this transaction, Hazelbaker Jill now holds 107,290 shares worth roughly $7.95 million.
Then, West Tony sold 18,750 shares, generating $1,313,926 in total proceeds. Upon selling the shares at $70.08, the insider now owns 185,566 shares.
Before that, KHOSROWSHAHI DARA sold 100,000 shares. Uber Technologies Inc shares valued at $5,284,000 were divested by the Chief Executive Officer at a price of $52.84 per share. As a result of the transaction, KHOSROWSHAHI DARA now holds 1,016,243 shares, worth roughly $75.33 million.
BTIG Research reiterated its Uber Technologies Inc [UBER] rating to a Buy in a research note published on February 22, 2024; the price target was $90. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Gordon Haskett also remained covering UBER and has decreased its forecast on January 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Needham maintained its rating on January 22, 2024. It rated UBER as “a Buy”.
Price Performance Review of UBER
On Tuesday, Uber Technologies Inc [NYSE:UBER] saw its stock jump 0.99% to $74.13. Over the last five days, the stock has lost -1.34%. Uber Technologies Inc shares have risen nearly 20.40% since the year began. Nevertheless, the stocks have risen 135.48% over the past one year. While a 52-week high of $82.14 was reached on 03/04/24, a 52-week low of $29.22 was recorded on 01/05/24. SMA at 50 days reached $76.59, while 200 days put it at $57.51. A total of 14.5 million shares were traded, compared to the trading of 16.09 million shares in the previous session.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 72.99, which if violated will result in even more drops to 71.84. On the upside, there is a resistance level at 74.99. A further resistance level may holdings at 75.84. The Relative Strength Index (RSI) on the 14-day chart is 43.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.30%. Stochastics %K at 18.37% indicates the stock is a buying.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $69 price target.
