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Ubertechnologies

Uber(NYSE: $UBER) Shares Surges on Inclusion in S&P 500Key Takeaway 1. Uber is joining the S&P 500, according to an announcement late Friday. 2. The ride-hailing company generated positive earnings in the latest quarter and over $1 billion in profit in the last four periods. 3. Uber has a market cap of about $118 billion, while the median market cap of companies in the S&P 500 is just over $31 billion. Uber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air Corp. The change will take place prior to the open of trading on Monday, Dec. 18, according to a press release. A company’s stock price often rises on news that it’s joining the S&P 500 because fund managers who track the benchmark, which gets updated each quarter, have to acquire the shares. Companies also have to meet certain valuation and profitability requirements. Uber shares debuted on the New York Stock Exchange in 2019, but the company was burning cash as it had to pay drivers enough money to stay competitive in a low-margin business. Its preferred metric was adjusted earnings before interest, tax, depreciation and amortization, or EBITDA. Most of Uber’s adjusted EBITDA comes from mobility, but the company made its delivery business profitable faster than planned, after recession-fearing investors became more averse to investing in money-losing companies. Growing advertising revenue has also contributed to Uber’s profitability. Uber eliminated more than 3,500 jobs in 2020, and executives have since worked to improve its cost structure. For example, they reduced the cost of deliveries. Uber reported net income of $221 million on $9.29 billion in revenue in the third quarter, and in the past four quarters altogether, it generated over $1 billion in profit. According to S&P’s rules, members of the index must have positive earnings in the most recent quarter and over the prior four quarters in total. Constituents of the index must have an adjusted market cap of at least $14.5 billion. Uber has a market cap of about $118 billion, while the median market cap of companies in the S&P 500 is just over $31 billion. Price Momentum UBER is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:UBERLong
by DEXWireNews
UBER Technologies Options Ahead of EarningsIf you haven`t sold UBER here: or bought the dip here: Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.84. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:UBERLong
by TopgOptions
1
Uber Up 113% For 2023!Uber's stock market journey has been a rollercoaster of highs and lows over four and a half years. The stock reached a high of $64 in February 2021 but plummeted to $13 by March 2020. During a challenging period from February 2021 to June 2022, the stock saw a 68% decline but found crucial support at $20. In January 2023, it crossed the significant daily 200 simple moving average at $27, indicating a shift in investor sentiment. The stock continued its upward trajectory, surpassing $40 in June 2023 and then facing resistance at the $50 mark in July 2023. It retreated to $40 in October 2023 before breaking past $50, aided by Q3 earnings reported on November 7th. Despite earnings being slightly below estimates, the stock closed up nearly 4%. Since the earnings report, Uber's stock has risen by 15%, with a year-to-date increase of 113% and a 25% rise in November alone. As it approaches its all-time high of $64, there's anticipation about its ability to set new records and possibly establish a long-term bullish trend. However, given its volatile history, the future remains uncertain as investors watch to see if Uber can maintain sustained growth. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:UBER
by Sublime_Trading
Uber has engaged in a long short battleUber has engaged in a long short battle This chart shows the weekly candle chart of Uber Company's stocks from the end of 2020 to the present. The top to bottom golden section of February 2021 is superimposed in the figure. As shown in the figure, the lowest point of Uber's stock in June 2022 hit the top to bottom golden ratio at 3.272. The low point in May this year and the high point in June are also the top to bottom golden ratio at 2.000 and 1.618, respectively! In the past 9 weeks, Uber's stock has engaged in a long short battle against the top of the chart against the 1.382 position in the golden section, without a clear choice of direction to break through!
NYSE:UBER
by Think_More
UBER Technologies Options Ahead of EarningsIf you haven`t sold UBER here: or reentered here: Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $1.66. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:UBERLong
by TopgOptions
1
UBER Break-out above the Bull Flag. $34.20 and $38.00 eyed.Uber Technologies (UBER) broke today above the Bull Flag pattern os September and at the same time the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). By doing so it reached the 1W MA50 (red trend-line) for the first time since September 15 where it had an emphatic rejection. Today's break-out is major as the 1D RSI also broke above its Lower Highs trend-line, so we turn bullish again on Uber, targeting the $34.20 Resistance and if we close above it, then the 1W MA100 (green trend-line) in extension around $38.00. Our long-term target for this stock is $48.50, which is the -1.0 Fibonacci extension and interestingly enough, happens to be below the October 2021 Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:UBERLong
by TradingShot
The "UBER Files" The Uber Files, first leaked to The Guardian, consists of over 124,000 internal documents that show how UBER attempted to secretly gain support from politicians in Europe, including French president Emmanuel Macron when he was serving as the country’s economy minister, chancellor George Osborne and other ministers, for its aggressive global expansion. The documents date between 2013 and 2017. Despite the efforts, UBER is not a profitable company, yet its market cap is 43.868Bil. If you haven`t shorted UBER here: On this falling wedge bearish chart pattern i expect to see it go lower, to $13.80, before a technical rebound. Looking forward to read your opinion about it.
NYSE:UBERShort
by TopgOptions
Uber Technologies: downtrend on the wayAlthough it's true investors are buying around these levels, the price keeps falling around the downtrend channel. Good buying opportunities are found on the lower part of the channel. It's a good opportunity for a buy-and-hold strategy, but the incoming FED intervention on interest rates hikes could pose a tremendous risk on the short term in all stocks, so care with volume. In terms of fundamentals, Uber has improved a lot and reduced losses considerably, financial and operational results were positive this last Q, way better than those of 2020. The best strategy is to buy the dip. So analyze the financial results of 2021, compare it to 2019 and 2020 and place your bets! I'm pretty sure this one is gonna perform really well in the coming years, but it's all about timing. If indices fall, we will find a great opportunity on this one!
NYSE:UBER
by alvaromroo
1
Uber Analysis 30.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:UBER
by basictradingtv
2
UBER Can Ride To On Bullish Reversal (M Patterns Formed)Traders, Uber has been falling down and has not completed an M pattern. There is an extended version of the M pattern available below where we have better FCP Buy Zone. If the upper FCP (Fibonacci Confluence Zone) gives a breakout we can initiate a position and if and when it comes down to the lower FCP zone we can add the position. Targets are market in white horizontal lines. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NYSE:UBERLong
by vikinsa
4
UBER: Close to the 0.618 Fibonacci. Pull back buy opportunity.UBER has recovered 50% so far of the sell-off since the July high and is now close to the 0.618 Fibonacci retracement level. With the RSI on extremely overbought levels both on 4H (RSI = 85.104) and 1D (RSI = 84.218), we expect a pull back and consolidation here within the 0.382 and 0.618 width. The 4H RSI is on a Channel Up since the November bottom and its support levels are as seen on the chart. Use them accordingly. We expect UBER to soon recover its highs and our Target Zone is 44.70 - 47.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:UBERLong
by InvestingScope