Overall market sentiment has been neutral on Uber Technologies Inc (UBER) stock lately. UBER receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Uber Technologies Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on UBER!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With UBER Stock Today?
Uber Technologies Inc (UBER) stock is trading at $30.11 as of 11:38 AM on Monday, Jan 30, a decline of -$0.26, or -0.86% from the previous closing price of $30.37. The stock has traded between $29.74 and $30.54 so far today. Volume today is low. So far 7,250,196 shares have traded compared to average volume of 19,554,298 shares.
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More About Uber Technologies Inc
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.
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