United Rentals, Inc.’s filing revealed that its EVP, Chief Admin. Officer PINTOFF CRAIG ADAM unloaded Company’s shares for reported $1.44 million on Mar 11 ’24. In the deal valued at $659.25 per share,2,184 shares were sold. As a result of this transaction, PINTOFF CRAIG ADAM now holds 16,652 shares worth roughly $11.6 million.
Then, Gross Joli L. sold 440 shares, generating $298,144 in total proceeds. Upon selling the shares at $677.60, the SVP, Chief LGL & Sustain. Off. now owns 4,543 shares.
Before that, Grace William E. sold 775 shares. United Rentals, Inc. shares valued at $508,104 were divested by the EVP, CFO at a price of $655.62 per share. As a result of the transaction, Grace William E. now holds 6,323 shares, worth roughly $4.41 million.
Truist initiated its United Rentals, Inc. [URI] rating to a Buy in a research note published on March 14, 2024; the price target was $793. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Equal-weight”‘ rating. Exane BNP Paribas also remained covering URI and has decreased its forecast on January 05, 2024 with a “an Underperform” recommendation from previously “an Outperform” rating. UBS revised its rating on December 05, 2023. It rated URI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of URI
On Tuesday, United Rentals, Inc. [NYSE:URI] saw its stock fall -0.88% to $696.76. Over the last five days, the stock has gained 0.72%. United Rentals, Inc. shares have risen nearly 21.51% since the year began. Nevertheless, the stocks have risen 96.12% over the past one year. While a 52-week high of $732.37 was reached on 03/04/24, a 52-week low of $325.15 was recorded on 01/08/24. SMA at 50 days reached $676.48, while 200 days put it at $525.78. A total of 0.38 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 682.66, which if violated will result in even more drops to 668.56. On the upside, there is a resistance level at 709.62. A further resistance level may holdings at 722.48. The Relative Strength Index (RSI) on the 14-day chart is 52.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.36%. Stochastics %K at 46.77% indicates the stock is a holding.
How much short interest is there in United Rentals, Inc.?
A steep rise in short interest was recorded in United Rentals, Inc. stocks on Mar 28, 2024, dropping by -0.28 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.69 million shares. There was a decline of -11.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.48.
