Ryder System (R) Shares are Up 1.3%

Ryder System (R) has been under a strong bear grip, hence the stock is down -4.87% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.33% in the past 1 week. The stock has risen by 1.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.51% in the past 4 weeks.

Ryder System, Inc. has dropped 2.12% during the last 3-month period . Year-to-Date the stock performance stands at 18.73%. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 2.45%.


Ryder System (NYSE:R): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.38 and $65.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.13, notching a gain of 0.75% for the day. The total traded volume was 513,441 . The stock had closed at $65.64 on the previous day.

Ryder System, Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions, including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services, which includes vehicles and drivers as part of a transportation solution in the United States. In addition, the Companys SCS business, as well as its FMS business provides customers with capacity management services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *