In a filing, United Rentals, Inc. revealed its SVP Leopold Anthony S. unloaded Company’s shares for reported $1.41 million on May 15 ’24. In the deal valued at $712.00 per share,1,981 shares were sold. As a result of this transaction, Leopold Anthony S. now holds 3,017 shares worth roughly $1.87 million.
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Then, Durand Michael D sold 559 shares, generating $377,081 in total proceeds. Upon selling the shares at $674.56, the EVP, Chief Operating Officer now owns 8,052 shares.
Before that, Flannery Matthew John sold 8,379 shares. United Rentals, Inc. shares valued at $5,862,200 were divested by the President & CEO at a price of $699.63 per share. As a result of the transaction, Flannery Matthew John now holds 103,400 shares, worth roughly $64.03 million.
JP Morgan initiated its United Rentals, Inc. [URI] rating to an Overweight in a research note published on June 07, 2024; the price target was $780. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Morgan Stanley began covering URI with “an Equal-weight” recommendation on January 08, 2024. Exane BNP Paribas revised its rating on January 05, 2024. It rated URI as “an Underperform” which previously was an “an Outperform”.
Price Performance Review of URI
On Monday, United Rentals, Inc. [NYSE:URI] saw its stock jump 0.50% to $619.29. Over the last five days, the stock has lost -4.00%. United Rentals, Inc. shares have risen nearly 8.00% since the year began. Nevertheless, the stocks have risen 51.06% over the past one year. While a 52-week high of $732.37 was reached on 03/04/24, a 52-week low of $387.01 was recorded on 01/08/24. SMA at 50 days reached $665.02, while 200 days put it at $575.87. A total of 0.86 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 612.53, which if violated will result in even more drops to 605.76. On the upside, there is a resistance level at 623.53. A further resistance level may holdings at 627.76. The Relative Strength Index (RSI) on the 14-day chart is 38.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.95%. Stochastics %K at 24.22% indicates the stock is a holding.
