Session activity on Uber Technologies, Inc.(:UBER) shares bumps the stock on today’s most active list. After a recent spot-check, the stock has touched $30.67 which represents a change from the open of -0.10%. Company shares have been seen trading -34.80% off of the 52 week high and 123.71% away from the 52 week low. Narrowing in, the stock is at a distance of -20.92% from the 50 day high and 15.39% off of the 50 day low.Stock market investors may be taking some time to review portfolio allocation. Rebalancing the portfolio may be necessary for some but not for others. Rebalancing the portfolio may help provide a strategy for when the market becomes highly volatile. This process may also help keep the investor buying low and selling high. Investors may also be looking at some different stocks to explore in the next few months. This may include reviewing some foreign markets or some new sectors that were previously not included in the stock portfolio. Completing all the necessary research is typically a good way to start building a more comprehensive pool of diversified stocks.
Covering sell-side analysts have recently weighed in on shares of Uber Technologies, Inc. (:UBER). At the time of writing, the First Call consensus price target for the company is $40.58. The current consensus recommendation provided by covering analysts is 1.90. This recommendation lands on a scale between 1 and 5. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. A rating of 4 or 5 would represent a Sell recommendation. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.
Prior Stock Performance Recap
Since the beginning of the calendar year, the stock is -0.37%. For the quarter, shares have been noted at 6.47%. Share performance for the month is currently at -18.42%. Tightening the gaze, stock performance for the last 5 trading days is -9.33%.