United Rentals, Inc.’s filing revealed that its SVP, Chief LGL & Sustain. Off. Gross Joli L. unloaded Company’s shares for reported $0.25 million on Aug 02 ’24. In the deal valued at $690.00 per share,360 shares were sold. As a result of this transaction, Gross Joli L. now holds 4,090 shares worth roughly $3.47 million.
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Then, Joli Gross bought 360 shares, generating $248,394 in total proceeds.
Before that, Leopold Anthony S. sold 1,981 shares. United Rentals, Inc. shares valued at $1,410,472 were divested by the SVP at a price of $712.00 per share. As a result of the transaction, Leopold Anthony S. now holds 3,017 shares, worth roughly $2.56 million.
Raymond James initiated its United Rentals, Inc. [URI] rating to an Outperform in a research note published on June 28, 2024; the price target was $750. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. JP Morgan began covering URI with “an Overweight” recommendation on June 07, 2024. Truist started covering the stock on March 14, 2024. It rated URI as “a Buy”.
Price Performance Review of URI
On Tuesday, United Rentals, Inc. [NYSE:URI] saw its stock jump 1.79% to $847.46. Over the last five days, the stock has gained 1.65%. United Rentals, Inc. shares have risen nearly 47.79% since the year began. Nevertheless, the stocks have risen 108.53% over the past one year. While a 52-week high of $861.74 was reached on 10/16/24, a 52-week low of $387.01 was recorded on 01/08/24. SMA at 50 days reached $765.21, while 200 days put it at $689.69.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 826.86, which if violated will result in even more drops to 806.27. On the upside, there is a resistance level at 864.69. A further resistance level may holdings at 881.93. The Relative Strength Index (RSI) on the 14-day chart is 67.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.56%. Stochastics %K at 72.96% indicates the stock is a holding.
How much short interest is there in United Rentals, Inc.?
A steep rise in short interest was recorded in United Rentals, Inc. stocks on 2024-09-30, dropping by 65232.0 shares to a total of 2.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.8 million shares. There was a decline of -2.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $500 price target.
