United Rentals shares slide 1.11% and underperform competitors

10 articles · Updated · MarketWatch · May 1

The stock closed at $949.23 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
United Rentals finished 7.07% below its 52-week high of $1,021.47 reached on 16 October, while rival Herc Holdings gained 4.89% to $133.13.
Trading volume was 505,140 shares, 97,177 below its 50-day average of 602,317, indicating lighter-than-usual activity during the mixed market session.

After record earnings, why did the world's largest equipment rental company's stock suddenly fall?

As one rental giant stumbles, is its rival's surge signaling a major market shift?