United Rentals Inc. Stock Outperforms Market Despite Losses On The Day

BlackRock Corporate High Yield Fund, Inc

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BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income. Its secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests approximately 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. BlackRock Advisors, LLC is the investment advisor of the Trust.

United Rentals Inc. Stock Outperforms Market Despite Losses On The Day

5:27 pm ET June 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of United Rentals Inc. URI shed 1.59% to $247.99 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. The stock's fall snapped a two-day winning streak. United Rentals Inc. closed $167.00 short of its 52-week high ($414.99), which the company achieved on November 8th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Fastenal Co. FAST fell 4.28% to $49.17, Oshkosh Corp. OSK rose 0.08% to $84.41, and Terex Corp. TEX fell 1.61% to $28.70. Trading volume (893,972) eclipsed its 50-day average volume of 853,926.

Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.

(END) Dow Jones Newswires

June 28, 2022 17:27 ET (21:27 GMT)