In a filing, Uber Technologies Inc revealed its SVP and Chief People Officer Krishnamurthy Nikki unloaded Company’s shares for reported $1.43 million on Mar 14 ’25. In the deal valued at $71.57 per share,20,000 shares were sold. As a result of this transaction, Krishnamurthy Nikki now holds 361,908 shares worth roughly $25.89 million.
Then, West Tony sold 23,462 shares, generating $1,663,826 in total proceeds. Upon selling the shares at $70.92, the insider now owns 90,779 shares.
Before that, West Tony sold 23,404 shares. Uber Technologies Inc shares valued at $1,644,498 were divested by the insider at a price of $70.27 per share. As a result of the transaction, West Tony now holds 114,241 shares, worth roughly $8.17 million.
Fox Advisors downgraded its Uber Technologies Inc [UBER] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early January from “a Mkt outperform” to “a Mkt perform”. Gordon Haskett also remained covering UBER and has increased its forecast on October 31, 2024 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company started covering the stock on October 25, 2024. It rated UBER as “a Hold”.
Price Performance Review of UBER
On Tuesday, Uber Technologies Inc [NYSE:UBER] saw its stock fall -1.62% to $71.55. Over the last five days, the stock has gained 1.27%. Uber Technologies Inc shares have risen nearly 18.62% since the year began. Nevertheless, the stocks have fallen -7.86% over the past one year. While a 52-week high of $87.00 was reached on 02/21/25, a 52-week low of $54.84 was recorded on 01/02/25. SMA at 50 days reached $71.79, while 200 days put it at $70.89.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 70.46, which if violated will result in even more drops to 69.37. On the upside, there is a resistance level at 72.66. A further resistance level may holdings at 73.76. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.87%. Stochastics %K at 30.83% indicates the stock is a holding.
How much short interest is there in Uber Technologies Inc?
A steep rise in short interest was recorded in Uber Technologies Inc stocks on 2025-02-28, dropping by -2.92 million shares to a total of 56.62 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 59.54 million shares. There was a decline of -5.16%, which implies that there is a negative sentiment for the stock.
