Guardian Report Pressures Ride-Sharing Stock Lower

Uber said it would not make excuses for past behavior

Digital Content Manager
Jul 11, 2022 at 10:53 AM
facebook X logo linkedin

Uber Technologies Inc (NYSE:UBER) is in hot water this morning, after The Guardian reported the company breached taxi regulations and secretly lobbied governments in its global expansion. The newspaper referenced emails exchanged between the ride-sharing name's top executives, prompting Uber to respond with a blog post that said it would not make excuses for past behavior that is not line with its present values, while urging the public to judge the company by its recent actions.

Last seen down 3.9% to trade at $21.48, the equity is fresh off a June 30, two-year low of $19.90. Carving out a channel of lower lows since October, more recently, the shares' descending 40-day moving average has been keeping a tight lid on gains for the past two months. So far this year, UBER Is down 48.7%.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), puts have been much more popular than usual over the last 10 weeks. This is per the stock's 50-day put/call volume ratio, which sits higher than 98% of annual readings. 

Echoing this, short-term options traders have rarely been more put-biased towards Uber Technologies stock. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 0.94, which ranks in the 96h percentile of readings from the past 12 months.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI