Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Uber Technologies Inc shares valued at $35,957,114 were sold by KHOSROWSHAHI DARA on Jul 15 ’24. At $71.91 per share, KHOSROWSHAHI DARA sold 500,000 shares. The insider’s holdings dropped to 1,266,114 shares worth approximately $81.63 million following the completion of this transaction.
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Also, KHOSROWSHAHI DARA sold 1,000,000 shares, netting a total of over 70,421,300 in proceeds. Following the sale of shares at $70.42 each, the insider now holds 1,266,114 shares.
Before that, West Tony had sold 28,000 shares from its account. In a trade valued at $1,978,665, the insider traded Uber Technologies Inc shares for $70.67 each. Upon closing the transaction, the insider’s holdings decreased to 28,000 shares, worth approximately $6.25 million.
As published in their initiating research note from Melius on July 22, 2024, Uber Technologies Inc [UBER] has been a Hold and the price target has been revised to $77. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of February 22, 2024, BTIG Research has reiterated its “Buy” rating for UBER. Earlier on February 08, 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 -2.52%. Over the course of the year, Uber Technologies Inc shares have jumped approximately 4.71%. 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 $68.29, while a 200-day SMA reached $65.78. Nevertheless, trading volume fell to 18.15 million shares from 16.51 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 63.69, which, if violated, would cause prices to drop to 62.92. In the upper region, resistance lies at 65.21. The next price resistance is at 65.96. RSI (Relative Strength Index) is 39.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.66, which suggests the price will decrease in the coming days. Percent R is at 85.46%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
