Top executives of United Rentals made major purchases of the company’s stock last week, with CEO Michael Kneeland buying 12,500 shares for $3.51 and chief financial officer William Plummer acquiring 14,000 shares for $3.52 per share.
Greenwich, Conn.-based United Rentals, No. 1 on the RER 100, has seen its share price steadily erode since private equity group Cerberus backed out of a deal to acquire the industry’s largest rental company for $34 per share in November 2007.
