Uber Technologies Inc’s recently made public 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 $7.56 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 $71.57 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 fall -1.51% to $70.43. Over the last five days, the stock has gained 6.28%. Uber Technologies Inc shares have risen nearly 14.39% since the year began. Nevertheless, the stocks have risen 86.57% over the past one year. While a 52-week high of $82.14 was reached on 03/04/24, a 52-week low of $37.07 was recorded on 01/05/24. SMA at 50 days reached $75.06, while 200 days put it at $59.36. A total of 24.05 million shares were traded, compared to the trading of 25.0 million shares in the previous session.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 69.27, which if violated will result in even more drops to 68.12. On the upside, there is a resistance level at 72.11. A further resistance level may holdings at 73.80. The Relative Strength Index (RSI) on the 14-day chart is 46.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.59%. Stochastics %K at 49.96% indicates the stock is a holding.
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.
