United Rentals Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on United Rentals (NYSE:URI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $300.0 to $480.0 for United Rentals over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $428.
July 03, 2023 | 4:33 pm
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Unusual bullish options activity has been observed for United Rentals. The sentiment among big-money traders is 63% bullish. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $428.
The unusual options activity indicates that big-money traders are bullish on United Rentals. This could potentially drive the stock price up in the short term. However, Morgan Stanley's downgrade to Equal-Weight might temper this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100