Overall market sentiment has been down on Uber Technologies Inc (UBER) stock lately. UBER receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Uber Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on UBER!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 $28.83 as of 10:27 AM on Friday, Aug 19, a drop of -$1.33, or -4.41% from the previous closing price of $30.16. The stock has traded between $28.69 and $29.57 so far today. Volume today is below average. So far 5,726,536 shares have traded compared to average volume of 30,052,447 shares.
To see InvestorsObserver's Sentiment Score for Uber Technologies Inc click here.
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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