Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ryder System, Inc shares valued at $2,113,817 were sold by Fatovic Robert D on Nov 29 ’24. At $169.11 per share, Fatovic Robert D sold 12,500 shares. The insider’s holdings dropped to 66,512 shares worth approximately $10.54 million following the completion of this transaction.
Also, ROBERT FATOVIC purchased 12,500 shares, netting a total of over 2,113,868 in proceeds.
Before that, Martin Steve W. had sold 10,586 shares from its account. In a trade valued at $1,741,715, the EVP of DTS traded Ryder System, Inc shares for $164.53 each. Upon closing the transaction, the insider’s holdings decreased to 10,586 shares, worth approximately $3.6 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 surge of approximately 1.00%. Over the course of the year, Ryder System, Inc shares have jumped approximately 1.00%. Shares of the company reached a 52-week high of $160.94 on 01/06/25 and a 52-week low of $155.00 on 01/07/25. A 50-day SMA is recorded $160.17, while a 200-day SMA reached $137.70. Nevertheless, trading volume fell to 0.22 million shares from 0.23 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 156.40, which, if violated, would cause prices to drop to 154.36. In the upper region, resistance lies at 159.57. The next price resistance is at 160.71. RSI (Relative Strength Index) is 47.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 56.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
