Notable Monday Option Activity: UBER, SMMT, CLW
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
0mins
Should l Buy UBER?
Source: NASDAQ.COM
Summit Therapeutics Inc Options Activity: Summit Therapeutics (SMMT) has seen significant options trading today, with 8,634 contracts representing about 863,400 shares, notably highlighted by the $20 strike call option expiring March 21, 2025, which had 2,052 contracts traded.
Clearwater Paper Corp Options Activity: Clearwater Paper Corp (CLW) also experienced notable options trading with 1,257 contracts, equating to approximately 125,700 shares, particularly for the $40 strike call option expiring March 21, 2025, which saw 593 contracts traded.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Divergent Analyst Ratings: Benchmark raised Instacart's price target to $55, while Wells Fargo lowered it to $43, reflecting mixed market sentiment regarding the company's future performance amid pressure from competitors like DoorDash and Uber.
- Positive Market Reaction: Following the release of strong Q4 earnings, Instacart's shares surged 14% on Friday, alleviating investor concerns about increasing competition and demonstrating market confidence in its performance.
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- Record Order Volume: Total orders reached 89.5 million, surpassing the StreetAccount estimate of 87.8 million, demonstrating Instacart's success in attracting customers and further solidifying its market position.
- Optimistic Guidance: The company forecasts GTV between $10.13 billion and $10.28 billion, significantly above the $9.97 billion estimate, reflecting management's confidence in future growth.
- Technology Investment Drive: Instacart is actively investing in new technologies and AI tools to enhance customer engagement and attract more users, with the CEO stating that concerns over competitive pressures are
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- Order Volume Increase: The company recorded 89.5 million orders, surpassing the StreetAccount estimate of 87.8 million, demonstrating effective strategies in customer acquisition and retention, thereby strengthening its market position.
- Optimistic Outlook: Instacart forecasts GTV between $10.13 billion and $10.28 billion, significantly above the $9.97 billion estimate, reflecting management's confidence in future growth.
- Investment in Technology: The company is investing in new technologies and AI tools to attract more customers and businesses, further solidifying its competitive edge in the grocery delivery market.
See More
