In a filing, Uber Technologies Inc revealed its insider Hazelbaker Jill unloaded Company’s shares for reported $2.88 million on Sep 16 ’24. In the deal valued at $72.00 per share,40,000 shares were sold. As a result of this transaction, Hazelbaker Jill now holds 127,352 shares worth roughly $-10.82 million.
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Then, Jill Hazelbaker bought 138,115 shares, generating $9,052,057 in total proceeds.
Before that, KHOSROWSHAHI DARA sold 500,000 shares. Uber Technologies Inc shares valued at $35,957,114 were divested by the Chief Executive Officer at a price of $71.91 per share. As a result of the transaction, KHOSROWSHAHI DARA now holds 1,266,114 shares, worth roughly $107.54 million.
Truist reiterated its Uber Technologies Inc [UBER] rating to a Buy in a research note published on October 07, 2024; the price target was $99. Cantor Fitzgerald began covering UBER with “an Overweight” recommendation on September 05, 2024. Melius started covering the stock on July 22, 2024. It rated UBER as “a Hold”.
Price Performance Review of UBER
On Monday, Uber Technologies Inc [NYSE:UBER] saw its stock fall -1.62% to $84.94. Over the last five days, the stock has gained 13.88%. Uber Technologies Inc shares have risen nearly 37.96% since the year began. Nevertheless, the stocks have risen 84.85% over the past one year. While a 52-week high of $87.00 was reached on 10/11/24, a 52-week low of $40.09 was recorded on 08/05/24. SMA at 50 days reached $72.89, while 200 days put it at $70.80.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 84.02, which if violated will result in even more drops to 83.10. On the upside, there is a resistance level at 86.02. A further resistance level may holdings at 87.10. The Relative Strength Index (RSI) on the 14-day chart is 72.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.64%. Stochastics %K at 91.30% 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 2024-09-30, growing by 0.75 million shares to a total of 52.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 51.85 million shares. There was a rise of 1.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $90 price target.
