United Rentals, Inc’s filing revealed that its SVP Leopold Anthony S. unloaded Company’s shares for reported $0.74 million on Oct 28 ’24. In the deal valued at $823.24 per share,900 shares were sold. As a result of this transaction, Leopold Anthony S. now holds 2,044 shares worth roughly $1.49 million.
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Then, Anthony Leopold bought 900 shares, generating $740,912 in total proceeds.
Before that, Gross Joli L. sold 360 shares. United Rentals, Inc shares valued at $248,400 were divested by the SVP, Chief LGL & Sustain. Off. at a price of $690.00 per share. As a result of the transaction, Gross Joli L. now holds 4,090 shares, worth roughly $2.98 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 1.09% to $727.42. Over the last five days, the stock has lost -4.30%. United Rentals, Inc shares have risen nearly 26.57% since the year began. Nevertheless, the stocks have risen 27.22% over the past one year. While a 52-week high of $896.98 was reached on 11/11/24, a 52-week low of $533.70 was recorded on 01/08/24. SMA at 50 days reached $822.22, while 200 days put it at $730.67.
Levels Of Support And Resistance For URI Stock
The 24-hour chart illustrates a support level at 720.98, which if violated will result in even more drops to 714.54. On the upside, there is a resistance level at 730.64. A further resistance level may holdings at 733.86. The Relative Strength Index (RSI) on the 14-day chart is 29.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -50.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.05%. Stochastics %K at 13.34% indicates the stock is a buying.
How much short interest is there in United Rentals, Inc?
A steep rise in short interest was recorded in United Rentals, Inc stocks on 2024-11-29, dropping by -0.22 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.11 million shares. There was a decline of -11.81%, 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.
