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 $9,052,057 were purchased by Jill Hazelbaker on Aug 08 ’24. At $65.54 per share, Jill Hazelbaker acquired 138,115 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, KHOSROWSHAHI DARA sold 500,000 shares, netting a total of over 35,957,114 in proceeds. Following the sale of shares at $71.91 each, the insider now holds 1,266,114 shares.
Before that, KHOSROWSHAHI DARA had sold 1,000,000 shares from its account. In a trade valued at $70,421,300, the Chief Executive Officer traded Uber Technologies Inc shares for $70.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,000,000 shares, worth approximately $91.07 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 surge of approximately 9.75%. Over the course of the year, Uber Technologies Inc shares have jumped approximately 16.83%. Shares of the company reached a 52-week high of $82.14 on 03/04/24 and a 52-week low of $54.84 on 08/05/24. A 50-day SMA is recorded $68.60, while a 200-day SMA reached $66.92. Nevertheless, trading volume fell to 12.25 million shares from 15.47 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 71.03, which, if violated, would cause prices to drop to 70.12. In the upper region, resistance lies at 72.42. The next price resistance is at 72.90. RSI (Relative Strength Index) is 61.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.43, which suggests the price will increase in the coming days. Percent R is at 0.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
