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 $740,918 were sold by Leopold Anthony S. on Oct 28 ’24. At $823.24 per share, Leopold Anthony S. sold 900 shares. The insider’s holdings dropped to 2,044 shares worth approximately $1.72 million following the completion of this transaction.
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Also, Anthony Leopold purchased 900 shares, netting a total of over 740,912 in proceeds.
Before that, Gross Joli L. had sold 360 shares from its account. In a trade valued at $248,400, the SVP, Chief LGL & Sustain. Off. traded United Rentals, Inc shares for $690.00 each. Upon closing the transaction, the insider’s holdings decreased to 360 shares, worth approximately $3.44 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 -1.04%. Over the course of the year, United Rentals, Inc shares have jumped approximately 46.62%. Shares of the company reached a 52-week high of $896.98 on 11/11/24 and a 52-week low of $533.70 on 01/08/24. A 50-day SMA is recorded $817.01, while a 200-day SMA reached $715.39. Nevertheless, trading volume fell to 0.71 million shares from 0.4 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 825.33, which, if violated, would cause prices to drop to 809.91. In the upper region, resistance lies at 849.84. The next price resistance is at 858.94. RSI (Relative Strength Index) is 53.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.65, which suggests the price will decrease in the coming days. Percent R is at 47.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
