United Rentals Unusual Options Activity For September 20
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 80% bearish and 20% bullish. The whales have been targeting a price range from $440.0 to $540.0 for United Rentals over the last 3 months. The price of URI is currently down -0.67% at $448.03.
September 20, 2023 | 8:49 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on United Rentals, indicating potential downward pressure on the stock in the short term.
The unusual options activity, with 80% bearish sentiment among big-money traders, indicates that there is a significant expectation of a decrease in the price of United Rentals. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100