DJ United Rentals Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of United Rentals Inc. $(URI)$ slipped 5.32% to $701.85 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.12% to 5,528.93 and Dow Jones Industrial Average falling 1.51% to 40,936.93.
The stock's fall snapped a two-day winning streak.
United Rentals Inc. closed $87.95 short of its 52-week high ($789.80), which the company reached on July 26th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Herc Holdings Inc. $(HRI.UK)$ fell 5.74% to $137.97.
Trading volume (495,911) remained 37,630 below its 50-day average volume of 533,541.
Data source: Dow Jones Market Data, FactSet. Data compiled September 3, 2024.
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(END) Dow Jones Newswires
September 03, 2024 16:53 ET (20:53 GMT)
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