The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Uber Technologies Inc shares valued at $2,880,044 were sold by Hazelbaker Jill on Sep 16 ’24. At $72.00 per share, Hazelbaker Jill sold 40,000 shares. The insider’s holdings dropped to 127,352 shares worth approximately $10.18 million following the completion of this transaction.
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Also, Jill Hazelbaker purchased 138,115 shares, netting a total of over 9,052,057 in proceeds.
Before that, KHOSROWSHAHI DARA had sold 500,000 shares from its account. In a trade valued at $35,957,114, the Chief Executive Officer traded Uber Technologies Inc shares for $71.91 each. Upon closing the transaction, the insider’s holdings decreased to 500,000 shares, worth approximately $101.16 million.
As published in a research note from Daiwa Securities on October 17, 2024, Uber Technologies Inc [UBER] has been rated down from an Outperform to a Neutral and the price target has been revised to $84. Analysts at Truist resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for UBER stock.
Analyzing UBER Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Uber Technologies Inc shares have jumped approximately 29.77%. Shares of the company reached a 52-week high of $87.00 on 10/11/24 and a 52-week low of $54.84 on 08/05/24. A 50-day SMA is recorded $74.01, while a 200-day SMA reached $71.11. Nevertheless, trading volume fell to 27.14 million shares from 12.4 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 79.25, which, if violated, would cause prices to drop to 78.59. In the upper region, resistance lies at 80.72. The next price resistance is at 81.53. RSI (Relative Strength Index) is 57.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.64, which suggests the price will increase in the coming days. Percent R is at 47.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
