Insider and Institutional Buying Signal

Bullish-3.82%

AI Summary

The author highlights significant insider and institutional buying in Uber stock, suggesting confidence in the company despite potential competition from Tesla's Cybercab.

This might be worth keeping an eye on Uber's CEO just bought $10M of $UBER • 141,000 shares at $70.96 on September 10th Other notable people buying Uber: • Uber's President/COO Andrew M. bought $5.3M • Nancy Pelosi spent up to $1M on $UBER calls in May • Saudi Arabia's Public Investment Fund holds $5.3B • Bill Ackman's Pershing Square holds $2.5B It seems they aren't worried about Tesla's Cybercab

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