Rideshare Stock Slips on Q1 Revenue Miss

Core Insights - Uber Technologies Inc's stock is down 1.4% to $84.65 following mixed first-quarter results, with earnings of 83 cents per share exceeding the Zacks Research estimate of 51 cents, while revenue of $11.53 billion slightly missed expectations [1] Group 1: Stock Performance - Today's decline interrupts a three-day winning streak for Uber's stock, which reached highs around $86.50 in the previous sessions but could not surpass the record high of $87 set on October 11 [2] - Since the beginning of the year, Uber's stock has increased by 40.7%, indicating strong year-to-date performance [2] - The stock's 14-day relative strength index (RSI) is at 79, nearing "oversold" territory, suggesting that the current pullback may have been anticipated [2] Group 2: Options Activity - In the options market, there has been significant activity with 150,000 calls and 63,000 puts traded, which is four times the typical overall options volume for this period [3] - The most popular option is the May 87.50 call, followed by the weekly 5/9 80-strike put, with new positions being opened in the latter [3]