Taking a Closer Look At Rayonier Advanced Materials Inc. (RYAM) Following Its Recent Trade


Rayonier Advanced Materials Inc.’s recently made public that its CAO & SVP, Human Resources Posze James L Jr acquired Company’s shares for reported $37754.0 on Nov 16. In the deal valued at $7.55 per share,5,000 shares were bought. As a result of this transaction, Posze James L Jr now holds 121,888 shares worth roughly $ 1.02 million.

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RBC Capital Mkts downgraded its Rayonier Advanced Materials Inc. [RYAM] rating to a Sector perform from a an Outperform in a research note published on Friday, January 10, 2023; the price target was decreased to $8 from $9. PT values the company’s stock at a premium of -4.37 to its Friday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid July from “a Sector perform” to “an Outperform”. RBC Capital Mkts also remained covering RYAM and has decreased its forecast on April 07, 2022 with a “Sector perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on December 15, 2021. It rated RYAM as “an Underperform” which previously was an “a Buy”.

Price Performance Review of RYAM

On Friday, Rayonier Advanced Materials Inc. [NYSE:RYAM] saw its stock jump 0.12% to $8.35. On the same session, the stock had its day’s lowest price of $8.335, but rose to a high of $8.485. Over the last five days, the stock has gained 30.27%. Rayonier Advanced Materials Inc. shares have fallen nearly -13.02% since the year began. Nevertheless, the stocks have risen 37.79% over the past one year. While a 52-week high of $9.84 was reached on 01/04/23, a 52-week low of $2.43 was recorded on 01/23/23. SMA at 50 days reached $7.43, while 200 days put it at $5.34. A total of 0.76 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For RYAM Stock

The 24-hour chart illustrates a support level at 8.30, which if violated will result in even more drops to 8.24. On the upside, there is a resistance level at 8.44. A further resistance level may holdings at 8.54. The Relative Strength Index (RSI) on the 14-day chart is 65.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.66%. Stochastics %K at 87.76% indicates the stock is a selling.

How much short interest is there in Rayonier Advanced Materials Inc.?

A steep rise in short interest was recorded in Rayonier Advanced Materials Inc. stocks on Jan 12, 2023, growing by 0.27 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 1.3 million shares. There was a rise of 17.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.15.

Rayonier Advanced Materials Inc. [RYAM] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,694,008 shares, or roughly 15.15% of the outstanding RYAM shares. In other words, the investor’s shares have risen by 169,004 from its previous 13-F filing of 9525004.0. Additionally, Condire Management LP increased 0.24% of its stake after which the total value it holdings stand at $43,135,231, while The Vanguard Group, Inc. reduced -0.42% of its stake to hold $29.64 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 28,570 shares of Rayonier Advanced Materials Inc., while Renaissance Technologies LLC bought -211,372 shares. At present, SSgA Funds Management, Inc. is holding 2,290,357 shares valued at $15.87 million. DDD Partners LLC owned 2,141,439 shares of the company at the time of its most recent 13F filing, worth $14.84 million.

According to FactSet, Rayonier Advanced Materials Inc.’s share price will average $6.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -28.06 percent from its previous closing price of $8.34. Analysts expect Rayonier Advanced Materials Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $4.00. However, 2 analysts have rated RYAM stock as an Underweight in their predictions for 2023.


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