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A company insider recently sold 8,379 shares of United Rentals, Inc. [URI]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Rentals, Inc. shares valued at $5,862,200 were sold by Flannery Matthew John on Apr 30 ’24. At $699.63 per share, Flannery Matthew John sold 8,379 shares. The insider’s holdings dropped to 103,400 shares worth approximately $67.6 million following the completion of this transaction.

Also, PINTOFF CRAIG ADAM sold 2,184 shares, netting a total of over 1,439,811 in proceeds. Following the sale of shares at $659.25 each, the insider now holds 16,652 shares.

Before that, Gross Joli L. had sold 440 shares from its account. In a trade valued at $298,144, the SVP, Chief LGL & Sustain. Off. traded United Rentals, Inc. shares for $677.60 each. Upon closing the transaction, the insider’s holdings decreased to 440 shares, worth approximately $2.97 million.

As published in their initiating research note from Truist on March 14, 2024, United Rentals, Inc. [URI] has been a Buy and the price target has been revised to $793. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early January. As of January 05, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “an Underperform” for URI. Earlier on December 05, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for URI stock which previously was a “a Buy”.

Analyzing URI Stock Performance

During the last five days, there has been a drop of approximately -0.22%. Over the course of the year, United Rentals, Inc. shares have jumped approximately 14.01%. Shares of the company reached a 52-week high of $732.37 on 03/04/24 and a 52-week low of $533.70 on 01/08/24. A 50-day SMA is recorded $681.46, while a 200-day SMA reached $543.76. Nevertheless, trading volume fell to 0.58 million shares from 1.08 million shares the previous day.

Support And Resistance Levels for United Rentals, Inc. (URI)

According to the 24-hour chart, there is a support level at 644.51, which, if violated, would cause prices to drop to 635.25. In the upper region, resistance lies at 667.77. The next price resistance is at 681.77. RSI (Relative Strength Index) is 44.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.94, which suggests the price will increase in the coming days. Percent R is at 65.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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