Uber Technologies Inc’s recent filing unveils that its insider Hazelbaker Jill unloaded Company’s shares for reported $2.03 million on Nov 25 ’24. In the deal valued at $72.90 per share,27,780 shares were sold. As a result of this transaction, Hazelbaker Jill now holds 107,289 shares worth roughly $7.11 million.
Then, Jill Hazelbaker bought 109,637 shares, generating $8,152,607 in total proceeds.
Before that, Hazelbaker Jill sold 40,000 shares. Uber Technologies Inc shares valued at $2,880,044 were divested by the insider at a price of $72.00 per share. As a result of the transaction, Hazelbaker Jill now holds 127,352 shares, worth roughly $8.44 million.
JMP Securities downgraded its Uber Technologies Inc [UBER] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. The Benchmark Company began covering UBER with “Hold” recommendation on October 25, 2024. Daiwa Securities revised its rating on October 17, 2024. It rated UBER as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of UBER
On Monday, Uber Technologies Inc [NYSE:UBER] saw its stock jump 2.66% to $66.31. Over the last five days, the stock has gained 8.47%. Uber Technologies Inc shares have risen nearly 9.93% since the year began. Nevertheless, the stocks have risen 14.72% over the past one year. While a 52-week high of $87.00 was reached on 01/06/25, a 52-week low of $54.84 was recorded on 01/02/25. SMA at 50 days reached $68.54, while 200 days put it at $70.61.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 65.78, which if violated will result in even more drops to 65.26. On the upside, there is a resistance level at 67.09. A further resistance level may holdings at 67.88. The Relative Strength Index (RSI) on the 14-day chart is 56.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.97%. Stochastics %K at 86.54% 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 2024-12-13, growing by 3.89 million shares to a total of 62.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 58.21 million shares. There was a rise of 6.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 07, 2024 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $99.
