United Rentals (URI) : Traders are bullish on United Rentals (URI) as it has outperformed the S&P 500 by a wide margin of 15.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.85% in the last 1 week, and is up 19.66% 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 12.16% and the 50-Day Moving Average is 14.43%. United Rentals, Inc. is up 19.03% in the last 3-month period. Year-to-Date the stock performance stands at 9.83%.
United Rentals (NYSE:URI): On Fridays trading session , Opening price of the stock was $79.62 with an intraday high of $80. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.66. However, the stock managed to close at $79.67, a loss of 0.21% for the day. On the previous day, the stock had closed at $79.84. The total traded volume of the day was 1,582,570 shares.
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.