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 $8,152,607 were purchased by Jill Hazelbaker on Nov 07 ’24. At $74.36 per share, Jill Hazelbaker acquired 109,637 shares.
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Also, Hazelbaker Jill sold 40,000 shares, netting a total of over 2,880,044 in proceeds. Following the sale of shares at $72.00 each, the insider now holds 127,352 shares.
Before that, Jill Hazelbaker had added 138,115 shares to its account. In a trade valued at $9,052,057, the Officer bought Uber Technologies Inc shares for $65.54 each.
As published in a research note from Gordon Haskett on October 31, 2024, Uber Technologies Inc [UBER] has been rated up from a Hold to a Buy. Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in late October. As of October 17, 2024, Daiwa Securities has decreased its “an Outperform” rating to a “Neutral” for UBER. Earlier on October 07, 2024, Truist 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 13.11%. 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 $75.49, while a 200-day SMA reached $72.38. Nevertheless, trading volume fell to 25.64 million shares from 16.66 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 68.67, which, if violated, would cause prices to drop to 67.70. In the upper region, resistance lies at 70.74. The next price resistance is at 71.84. RSI (Relative Strength Index) is 36.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.22, which suggests the price will decrease in the coming days. Percent R is at 78.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
