Uber Stock Update: Analysts Bullish, Positive Sentiment Across the Board
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Uber Stock Update: Analysts Bullish, Positive Sentiment Across the Board
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Description
**Uber (UBER) Stock Analysis:** 1. **Current Price and Intraday Trading Range:** - As of November 12, 2024, Uber's stock price is $71.49, with a day high of $72.67 and a...
show more1. **Current Price and Intraday Trading Range:**
- As of November 12, 2024, Uber's stock price is $71.49, with a day high of $72.67 and a day low of $71.21[5].
2. **Pre-market and After-hours Movement:**
- No specific pre-market or after-hours data is available in the provided sources.
3. **Trading Volume vs Average:**
- The current volume is 406,212 shares, but no average volume data is provided for comparison[5].
4. **Recent News or Announcements:**
- There are no recent news or announcements in the last 24 hours mentioned in the provided sources.
5. **Major Analyst Updates or Price Target Changes:**
- Uber has received a consensus rating of buy, with an average price target of $91.86, indicating a 15.29% upside potential[4].
- DA Davidson raised Uber's price target to $84 from $82[4].
6. **Options Flow Activity:**
- On November 8th, 142.2K contracts were traded, with 1.32 million open interest[3].
7. **Related Semiconductor/AI Sector News Affecting Uber:**
- Lyft surged after a new deal with Mobileye, which could indirectly impact Uber's market position[1][4].
- Autonomous driving approvals and related news could influence Uber's future prospects, but no recent updates are provided.
8. **Key Technical Indicators for Day Trading:**
- UBER has a beta of 1.87, indicating high sensitivity to market movements[1].
- The stock has a correlation of 0.32 to the SPY ETF[1].
- Support price is $71.56, and resistance is $74.70, based on 1-day standard deviation move[1].
- SMA indicators are positive, with a 20-day/200-day momentum of 92.11%[4].
**Market Sentiment:**
- Analyst consensus is a strong buy, with 98 buy ratings, 2 hold ratings, and 0 sell ratings[5].
- Blogger sentiment is bullish, with 88% positive sentiment[4].
- Hedge fund trend shows an increase of 1.8M shares last quarter[4].
- Insider transactions include sold shares worth $2.9M over the last 3 months[4].
- Crowd wisdom is positive, with a 3.9% increase in the last 30 days[4].
- News sentiment is very bullish, with 100% bullish news and 0% bearish news[4].
Information
Author | QP - Daily |
Organization | William Corbin |
Website | - |
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