United Rentals, Inc.’s recently made public 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 $11.24 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 $4.27 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 Friday, United Rentals, Inc. [NYSE:URI] saw its stock fall -1.59% to $674.81. Over the last five days, the stock has lost -4.54%. United Rentals, Inc. shares have risen nearly 17.68% since the year began. Nevertheless, the stocks have risen 79.44% 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 $679.01, while 200 days put it at $529.79. A total of 0.59 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 667.24, which if violated will result in even more drops to 659.68. On the upside, there is a resistance level at 683.90. A further resistance level may holdings at 693.00. The Relative Strength Index (RSI) on the 14-day chart is 44.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.25%. Stochastics %K at 15.43% indicates the stock is a buying.
