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The Attractiveness of Investing In Ryder System, Inc. (R) is Growing

In a filing, Ryder System, Inc. revealed its President, Global FMS HAVENS THOMAS M. unloaded Company’s shares for reported $0.96 million on Apr 25 ’24. In the deal valued at $119.40 per share,8,000 shares were sold. As a result of this transaction, HAVENS THOMAS M. now holds 24,401 shares worth roughly $2.97 million.

Then, SMITH E FOLLIN sold 3,671 shares, generating $437,434 in total proceeds. Upon selling the shares at $119.16, the Director now owns 38,413 shares.

Before that, JONES KAREN M. sold 7,737 shares. Ryder System, Inc. shares valued at $877,995 were divested by the EVP & Chief Marketing Officer at a price of $113.48 per share. As a result of the transaction, JONES KAREN M. now holds 12,396 shares, worth roughly $1.51 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 fall -1.02% to $121.85. Over the last five days, the stock has lost -0.13%. Ryder System, Inc. shares have risen nearly 5.90% since the year began. Nevertheless, the stocks have risen 53.93% over the past one year. While a 52-week high of $123.79 was reached on 04/29/24, a 52-week low of $77.60 was recorded on 02/16/24. SMA at 50 days reached $115.39, while 200 days put it at $107.54. A total of 0.46 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For R Stock

The 24-hour chart illustrates a support level at 120.88, which if violated will result in even more drops to 119.91. On the upside, there is a resistance level at 122.63. A further resistance level may holdings at 123.41. The Relative Strength Index (RSI) on the 14-day chart is 59.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.50%. Stochastics %K at 91.78% indicates the stock is a selling.

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