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United Rentals, Inc. [URI] SVP makes an insider purchase of 1,981 shares worth 1.41 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Rentals, Inc. shares valued at $1,410,472 were sold by Leopold Anthony S. on May 15 ’24. At $712.00 per share, Leopold Anthony S. sold 1,981 shares. The insider’s holdings dropped to 3,017 shares worth approximately $1.93 million following the completion of this transaction.

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Also, Durand Michael D sold 559 shares, netting a total of over 377,081 in proceeds. Following the sale of shares at $674.56 each, the insider now holds 8,052 shares.

Before that, Flannery Matthew John had sold 8,379 shares from its account. In a trade valued at $5,862,200, the President & CEO traded United Rentals, Inc. shares for $699.63 each. Upon closing the transaction, the insider’s holdings decreased to 8,379 shares, worth approximately $66.1 million.

As published in their initiating research note from JP Morgan on June 07, 2024, United Rentals, Inc. [URI] has been an Overweight and the price target has been revised to $780. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 08, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for URI. Earlier on January 05, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “an Underperform” for URI stock which previously was a “an Outperform”.

Analyzing URI Stock Performance

During the last five days, there has been a surge of approximately 2.25%. Over the course of the year, United Rentals, Inc. shares have jumped approximately 11.48%. 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 $662.71, while a 200-day SMA reached $577.45. Nevertheless, trading volume fell to 0.62 million shares from 1.02 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 630.74, which, if violated, would cause prices to drop to 622.25. In the upper region, resistance lies at 647.46. The next price resistance is at 655.70. RSI (Relative Strength Index) is 46.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 45.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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