Ryder System, Inc’s recently made public that its EVP, CLO & Corp. Secretary Fatovic Robert D unloaded Company’s shares for reported $2.11 million on Nov 29 ’24. In the deal valued at $169.11 per share,12,500 shares were sold. As a result of this transaction, Fatovic Robert D now holds 66,512 shares worth roughly $10.35 million.
Then, ROBERT FATOVIC bought 12,500 shares, generating $2,113,868 in total proceeds.
Before that, Martin Steve W. sold 10,586 shares. Ryder System, Inc shares valued at $1,741,715 were divested by the EVP of DTS at a price of $164.53 per share. As a result of the transaction, Martin Steve W. now holds 22,696 shares, worth roughly $3.53 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 Friday, Ryder System, Inc [NYSE:R] saw its stock unchanged to $155.66. Over the last five days, the stock has lost -6.04%. Ryder System, Inc shares have risen nearly 35.29% since the year began. Nevertheless, the stocks have risen 35.46% over the past one year. While a 52-week high of $171.78 was reached on 11/25/24, a 52-week low of $106.62 was recorded on 02/16/24. SMA at 50 days reached $157.86, while 200 days put it at $135.30.
Levels Of Support And Resistance For R Stock
The 24-hour chart illustrates a support level at 154.32, which if violated will result in even more drops to 152.99. On the upside, there is a resistance level at 157.81. A further resistance level may holdings at 159.97. The Relative Strength Index (RSI) on the 14-day chart is 37.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.58%. Stochastics %K at 3.58% indicates the stock is a buying.
How much short interest is there in Ryder System, Inc?
A steep rise in short interest was recorded in Ryder System, Inc stocks on 2024-11-29, dropping by 30692.0 shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.72 million shares. There was a decline of -4.48%, which implies that there is a negative sentiment for the stock.
