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Investing in Ryder System, Inc. (R) Is Getting More Attractive

In a filing, Ryder System, Inc. revealed its EVP & Chief Marketing Officer JONES KAREN M. unloaded Company’s shares for reported $0.82 million on May 23 ’24. In the deal valued at $120.44 per share,6,776 shares were sold. As a result of this transaction, JONES KAREN M. now holds 5,666 shares worth roughly $0.66 million.

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Then, SANCHEZ ROBERT E sold 53,130 shares, generating $6,746,707 in total proceeds. Upon selling the shares at $126.98, the Chair and CEO now owns 126,394 shares.

Before that, SANCHEZ ROBERT E sold 18,303 shares. Ryder System, Inc. shares valued at $2,309,808 were divested by the Chair and CEO at a price of $126.20 per share. As a result of the transaction, SANCHEZ ROBERT E now holds 125,969 shares, worth roughly $14.76 million.

Morgan Stanley initiated its Ryder System, Inc. [R] rating to an Overweight in a research note published on June 24, 2024; the price target was $165. A number of analysts have revised their coverage, including Vertical Research’s analysts, who increased its forecast for the stock in mid June from “a Hold” to “a Buy”. Vertical Research also remained covering R and has decreased its forecast on January 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research revised its rating on October 04, 2023. It rated R as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of R

On Tuesday, Ryder System, Inc. [NYSE:R] saw its stock fall -2.58% to $117.21. Over the last five days, the stock has lost -4.47%. Ryder System, Inc. shares have risen nearly 1.87% since the year began. Nevertheless, the stocks have risen 38.04% over the past one year. While a 52-week high of $128.85 was reached on 05/15/24, a 52-week low of $84.39 was recorded on 02/16/24. SMA at 50 days reached $122.54, while 200 days put it at $113.20. A total of 0.28 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For R Stock

The 24-hour chart illustrates a support level at 116.38, which if violated will result in even more drops to 115.56. On the upside, there is a resistance level at 118.82. A further resistance level may holdings at 120.44. The Relative Strength Index (RSI) on the 14-day chart is 37.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.58%. Stochastics%K at 30.51% indicates the stock is a holding.

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