Shares of United Rentals Inc. URI inched 0.35% higher to $246.48 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.19% to 3,691.96 and Dow Jones Industrial Average DJIA falling 0.49% to 30,069.79. This was the stock's third consecutive day of gains. United Rentals Inc. hit a new 52-week high, surpassing its previous peak of $245.81, which the company achieved on December 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fastenal Co. FAST rose 1.31% to $48.68, Oshkosh Corp. OSK fell 1.42% to $83.41, and Terex Corp. TEX fell 0.78% to $34.33. Trading volume (651,400) remained 253,166 below its 50-day average volume of 904,566.