Current State Of AVs, Why Uber Stock Remains A 'Strong Buy' (NYSE:UBER)
1. UBER is recovering from a 30% drawdown due to AV concerns. 2. The company's stock is near its previous all-time highs.
FAQ
Why Bullish?
A 30% drawdown indicates high volatility but recent recovery suggests strong buyer interest. Historical trends show similar recoveries often lead to upward moves.
How important is it?
The recent stock performance while overcoming AV concerns highlights significant investor confidence. Such recovery phases often imply future price potential, impacting UBER's market perception.
Why Short Term?
Market sentiment may change rapidly due to investor reactions to ongoing AV developments. Short-term trading may see more volatility based on news cycles.