Ryder System (R) Shares are Up 1.88%

Ryder System (R) : Traders are bullish on Ryder System (R) as it has outperformed the S&P 500 by a margin of 6.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.88% in the last 1 week, and is up 13.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Ryder System (NYSE:R): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.64 and $67.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.25, notching a gain of 2.55% for the day. The total traded volume was 905,809 . The stock had closed at $67.53 on the previous day.


The stock has recorded a 20-day Moving Average of 8.03% and the 50-Day Moving Average is 5.06%. Ryder System, Inc. is up 3.73% in the last 3-month period. Year-to-Date the stock performance stands at 23.49%.

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.

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