Trade Alert: Joe Terranova sells Uber

Core Viewpoint - The discussion centers around the recent performance of Uber's stock, with concerns about its resistance levels and competition from emerging players like Whimo, which is rapidly scaling its operations in the robo-taxi space [1][10][11]. Company Performance - Uber's stock is currently trading between $80 and $100, with a notable retreat from the low 90s, raising concerns about potential further declines below the $80 support level [2][3][4]. - The stock has experienced a 10% decline in the past month but remains up 40% year-to-date, indicating volatility in its performance [5][6]. Competition and Market Dynamics - Whimo, a subsidiary of Alphabet, reported a significant increase in bookings, with Q3 bookings up 21% and a projection of 20 million lifetime rides by year-end 2025, indicating strong competition for Uber [7][11]. - Whimo's growth includes a million rides per month, tripling year-over-year, and plans to expand to 20 new cities in 2026, which could impact Uber's market share [12][13]. Analyst Sentiment - Currently, 80% of analysts have a buy rating on Uber, with a 12-month price target of $133. However, if the stock continues to decline, there may be a shift in sentiment, potentially leading to downgrades [17][18].