Purely from a price-action perspective, Uber Technologies (UBER) performance has been unimpressive with negative returns of 20.18% in the last 52-weeks. However, key operating metrics like monthly active platform customers and gross bookings have witnessed steady improvement. The divergence between the fundamentals and stock performance has created a good buying opportunity.
Recently, Congresswoman Nancy Pelosi disclosed that she has purchased positions in Uber. Pelosi has purchased 200 call options on Uber with a $50 strike price and an expiration date of March 19, 2027. The position seems well timed as Uber is poised for sustained improvement in performance metrics.
