In a filing, Raymond James Financial, Inc. revealed its Director GARCIA ART A acquired Company’s shares for reported $98715.0 on Feb 09 ’24. In the deal valued at $112.30 per share,879 shares were bought. As a result of this transaction, GARCIA ART A now holds 879 shares worth roughly $0.11 million.
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Then, Santelli Jonathan N sold 1,891 shares, generating $211,626 in total proceeds. Upon selling the shares at $111.91, the EVP, Gen Counsel, Secy now owns 21,491 shares.
Before that, Raney Steven M sold 930 shares. Raymond James Financial, Inc. shares valued at $102,691 were divested by the President & CEO RJBank at a price of $110.42 per share. As a result of the transaction, Raney Steven M now holds 55,618 shares, worth roughly $6.99 million.
JP Morgan upgraded its Raymond James Financial, Inc. [RJF] rating to an Overweight from a a Neutral in a research note published on January 10, 2024; the price target was increased to $135 from $110. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. TD Cowen began covering RJF with “Market perform” recommendation on January 04, 2024. Goldman revised its rating on January 03, 2024. It rated RJF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RJF
On Friday, Raymond James Financial, Inc. [NYSE:RJF] saw its stock fall -0.40% to $125.59. Over the last five days, the stock has gained 4.00%. Raymond James Financial, Inc. shares have risen nearly 12.64% since the year began. Nevertheless, the stocks have risen 36.90% over the past one year. While a 52-week high of $126.42 was reached on 03/22/24, a 52-week low of $82.00 was recorded on 01/16/24. SMA at 50 days reached $116.45, while 200 days put it at $107.17. A total of 1.05 million shares were traded, compared to the trading of 1.43 million shares in the previous session.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 125.23, which if violated will result in even more drops to 124.87. On the upside, there is a resistance level at 126.27. A further resistance level may holdings at 126.95. The Relative Strength Index (RSI) on the 14-day chart is 73.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.91%. Stochastics %K at 92.65% indicates the stock is a selling.
How much short interest is there in Raymond James Financial, Inc.?
A steep rise in short interest was recorded in Raymond James Financial, Inc. stocks on Feb 29, 2024, dropping by -0.28 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.31 million shares. There was a decline of -6.95%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.95.
The most recent change occurred on September 19, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $121 price target.
