United Rentals, Inc.’s filing revealed that its EVP, Chief Operating Officer Durand Michael D unloaded Company’s shares for reported $0.38 million on May 03 ’24. In the deal valued at $674.56 per share,559 shares were sold. As a result of this transaction, Durand Michael D now holds 8,052 shares worth roughly $5.43 million.
Then, Flannery Matthew John sold 8,379 shares, generating $5,862,200 in total proceeds. Upon selling the shares at $699.63, the President & CEO now owns 103,400 shares.
Before that, PINTOFF CRAIG ADAM sold 2,184 shares. United Rentals, Inc. shares valued at $1,439,811 were divested by the EVP, Chief Admin. Officer at a price of $659.25 per share. As a result of the transaction, PINTOFF CRAIG ADAM now holds 16,652 shares, worth roughly $11.23 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 -1.33% to $674.27. Over the last five days, the stock has gained 0.94%. United Rentals, Inc. shares have risen nearly 17.59% since the year began. Nevertheless, the stocks have risen 97.13% over the past one year. While a 52-week high of $732.37 was reached on 03/04/24, a 52-week low of $325.91 was recorded on 01/08/24. SMA at 50 days reached $682.58, while 200 days put it at $548.04. A total of 0.44 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 668.25, which if violated will result in even more drops to 662.23. On the upside, there is a resistance level at 684.56. A further resistance level may holdings at 694.85. The Relative Strength Index (RSI) on the 14-day chart is 50.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.73%. Stochastics %K at 57.80% indicates the stock is a holding.
