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A company insider recently sold 1,981 shares of United Rentals, Inc. [URI]. Should You Sale?

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 $1.95 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 $66.71 million.

As published in their initiating research note from Raymond James on June 28, 2024, United Rentals, Inc. [URI] has been an Outperform and the price target has been revised to $750. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 07, 2024, JP Morgan has initiated its “an Overweight” rating for URI. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for URI stock.

Analyzing URI Stock Performance

During the last five days, there has been a drop of approximately -0.11%. Over the course of the year, United Rentals, Inc. shares have jumped approximately 12.52%. 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 $657.12, while a 200-day SMA reached $589.34. Nevertheless, trading volume fell to 0.6 million shares from 0.43 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 633.43, which, if violated, would cause prices to drop to 621.67. In the upper region, resistance lies at 653.08. The next price resistance is at 660.97. RSI (Relative Strength Index) is 50.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 37.65%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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