Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ryder System, Inc. shares valued at $1,773,544 were sold by Lopez Francisco Jr. on Aug 01 ’24. At $139.32 per share, Lopez Francisco Jr. sold 12,730 shares. The insider’s holdings dropped to 47,779 shares worth approximately $6.63 million following the completion of this transaction.
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Also, FRANCISCO LOPEZ JR. purchased 12,730 shares, netting a total of over 1,773,559 in proceeds.
Before that, GALLO-AQUINO CRISTINA had sold 425 shares from its account. In a trade valued at $57,685, the SVP and Controller traded Ryder System, Inc. shares for $135.73 each. Upon closing the transaction, the insider’s holdings decreased to 425 shares, worth approximately $3.54 million.
As published in their initiating research note from Morgan Stanley on June 24, 2024, Ryder System, Inc. [R] has been an Overweight and the price target has been revised to $165. Analysts at Vertical Research upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of January 10, 2024, Vertical Research has decreased its “Buy” rating to a “Hold” for R. Earlier on October 04, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for R stock which previously was a “an Outperform”.
Analyzing R Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Ryder System, Inc. shares have jumped approximately 20.53%. Shares of the company reached a 52-week high of $145.61 on 08/30/24 and a 52-week low of $106.62 on 02/16/24. A 50-day SMA is recorded $132.54, while a 200-day SMA reached $119.91. Nevertheless, trading volume fell to 0.37 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Ryder System, Inc. (R)
According to the 24-hour chart, there is a support level at 137.63, which, if violated, would cause prices to drop to 136.59. In the upper region, resistance lies at 140.04. The next price resistance is at 141.41. RSI (Relative Strength Index) is 53.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 71.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
