Ryder System, Inc.’s filing revealed that its EVP & Chief Marketing Officer JONES KAREN M. unloaded Company’s shares for reported $0.88 million on Feb 28 ’24. In the deal valued at $113.48 per share,7,737 shares were sold. As a result of this transaction, JONES KAREN M. now holds 12,396 shares worth roughly $1.5 million.
Then, Ravindran Rajeev sold 8,800 shares, generating $1,006,632 in total proceeds. Upon selling the shares at $114.39, the EVP & CIO now owns 8,360 shares.
Before that, Martin Steve W. sold 2,590 shares. Ryder System, Inc. shares valued at $295,130 were divested by the EVP of DTS at a price of $113.95 per share. As a result of the transaction, Martin Steve W. now holds 32,783 shares, worth roughly $3.97 million.
Vertical Research downgraded its Ryder System, Inc. [R] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Peer perform”. Robert W. Baird also remained covering R and has increased its forecast on July 31, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on January 10, 2023. It rated R as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of R
On Tuesday, Ryder System, Inc. [NYSE:R] saw its stock jump 0.95% to $121.21. Over the last five days, the stock has gained 2.69%. Ryder System, Inc. shares have risen nearly 5.35% since the year began. Nevertheless, the stocks have risen 45.37% over the past one year. While a 52-week high of $121.58 was reached on 04/04/24, a 52-week low of $76.15 was recorded on 02/16/24. SMA at 50 days reached $115.08, while 200 days put it at $105.19. A total of 0.25 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For R Stock
The 24-hour chart illustrates a support level at 119.64, which if violated will result in even more drops to 118.07. On the upside, there is a resistance level at 122.05. A further resistance level may holdings at 122.89. The Relative Strength Index (RSI) on the 14-day chart is 63.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.19%. Stochastics %K at 82.36% indicates the stock is a selling.
How much short interest is there in Ryder System, Inc.?
A steep rise in short interest was recorded in Ryder System, Inc. stocks on Mar 28, 2024, growing by 17620.0 shares to a total of 0.51 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.49 million shares. There was a rise of 3.45%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.96.
