Shares of United Rentals (URI) Rally 3.97%

United Rentals (URI) has been under a strong bear grip, hence the stock is down -0.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.44% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.97% in the last 1 week, and is up 3.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.58% and the 50-Day Moving Average is 4.75%.

United Rentals (NYSE:URI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.98 and $69.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.12, notching a gain of 0.76% for the day. The total traded volume was 1,403,265 . The stock had closed at $69.59 on the previous day.


The company Insiders own 1.3% of United Rentals shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.68% . Institutional Investors own 94% of United Rentals shares. During last six month period, the net percent change held by insiders has seen a change of -5.64%. In a related news,The director of United Rentals Inc /De, Mcallister Singleton B sold 5,600 shares at $60.69 on May 13, 2016. The Insider selling transaction had a total value worth of $339,864. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

United Rentals, Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It operates in two segments: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions. The general rentals segment consists of around 12 geographic regions, including eastern Canada, Gulf South, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Pacific West, South, Southeast and Western Canada, among others. The trench safety, power and HVAC, and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, Government entities and other customers.

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