This Is What Whales Are Betting On United Rentals
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Rentals (NYSE:URI) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $400.0 to $560.0 for United Rentals over the last 3 months. Citigroup, UBS, Goldman Sachs, and Keybanc have all maintained their Buy or Overweight ratings on United Rentals, with price targets ranging from $500 to $527.
July 18, 2023 | 8:00 pm
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A large investor has taken a bearish stance on United Rentals, with big-money traders sentiment split between bullish and bearish. The company has maintained Buy or Overweight ratings from several firms.
The bearish stance taken by a large investor, as indicated by a significant position in the company's options, could potentially drive the stock price down in the short term. However, the maintained Buy or Overweight ratings from several firms could counteract this effect to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100