United Rentals Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on United Rentals (NYSE:URI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 18% bullish and 81% bearish. The whales have been targeting a price range from $330.0 to $500.0 for United Rentals over the last 3 months. The price of URI is up 1.53% at $471.77. Analysts from Citigroup, UBS, and Goldman Sachs maintain a 'Buy' rating on United Rentals, while Barclays and Baird maintain an 'Underweight' and 'Underperform' rating respectively.
August 04, 2023 | 9:27 am
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NEGATIVE IMPACT
United Rentals has seen unusual options activity with a significant bearish stance taken by a large investor. The sentiment among these traders is largely bearish. Analysts' ratings are mixed.
The unusual options activity and the significant bearish stance taken by a large investor indicate a potential downward movement in the short term for United Rentals. However, the mixed analysts' ratings may create some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100