In a filing, Uber Technologies Inc revealed its Officer Jill Hazelbaker acquired Company’s shares for reported $9.05 million on Aug 08 ’24. In the deal valued at $65.54 per share,138,115 shares were bought.
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Then, KHOSROWSHAHI DARA sold 500,000 shares, generating $35,957,114 in total proceeds. Upon selling the shares at $71.91, the Chief Executive Officer now owns 1,266,114 shares.
Before that, KHOSROWSHAHI DARA sold 1,000,000 shares. Uber Technologies Inc shares valued at $70,421,300 were divested by the Chief Executive Officer at a price of $70.42 per share. As a result of the transaction, KHOSROWSHAHI DARA now holds 1,266,114 shares, worth roughly $91.21 million.
Melius initiated its Uber Technologies Inc [UBER] rating to a Hold in a research note published on July 22, 2024; the price target was $77. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. BTIG Research also remained covering UBER and reiterated its “Buy” recommendation on February 22, 2024. Needham maintained its rating on February 08, 2024. It rated UBER as “a Buy”.
Price Performance Review of UBER
On Friday, Uber Technologies Inc [NYSE:UBER] saw its stock fall -0.95% to $72.04. Over the last five days, the stock has gained 5.11%. Uber Technologies Inc shares have risen nearly 17.01% since the year began. Nevertheless, the stocks have risen 65.04% over the past one year. While a 52-week high of $82.14 was reached on 03/04/24, a 52-week low of $40.09 was recorded on 08/05/24. SMA at 50 days reached $68.89, while 200 days put it at $67.22.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 71.41, which if violated will result in even more drops to 70.79. On the upside, there is a resistance level at 73.01. A further resistance level may holdings at 73.98. The Relative Strength Index (RSI) on the 14-day chart is 60.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.43%. Stochastics%K at 96.15% indicates the stock is a selling.
How much short interest is there in Uber Technologies Inc?
A steep rise in short interest was recorded in Uber Technologies Inc stocks on 2024-07-31, dropping by -8.15 million shares to a total of 43.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 51.95 million shares. There was a decline of -18.61%, which implies that there is a negative sentiment for the stock.
