Locking in More Triple-Digit Gains on This Portfolio Winner
With this position moving past our new price target, we’re ringing the register.
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* We are locking in another slice of big gains on United Rentals, and downgrading the shares to a Three rating from Two.
| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
URI | Sell | 37 | 780 | 148 | 2.6 |
After you receive this Alert, we will sell 37 shares of United Rentals URI at or near $780. Following the trade, the portfolio will own 148 URI shares, roughly 2.6% of the portfolio.
We are taking advantage of the latest updraft in URI shares to ring the register on another slice of the spectacular gains for the position. While not quite oversold, URI shares have rebounded considerably in recent days, and despite the tougher comparisons ahead we discussed when we boosted our price target to $775. That is leading us to this prudent move with the position, which is up more than 150% for the portfolio.
We will continue to keep exposure to URI shares in the portfolio, but if they continue to melt up further or move into overbought territory, we may elect to monetize more of the position. For that reason, we are downgrading URI shares to a Three from Two.
More Pro Portfolio:
- Locking in Massive Gains Ahead of This Position’s Earnings
- Weekly Roundup: The Froth Comes Off Big Tech
- From AI to Old Age: Trends That Matter for Traders
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade's executed price here. Be sure to toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long URI.
