Ryman Hospitality Properties Inc’s recent filing unveils that its EVP & COO Chaffin Patrick S unloaded Company’s shares for reported $1.94 million on Feb 29 ’24. In the deal valued at $119.74 per share,16,189 shares were sold. As a result of this transaction, Chaffin Patrick S now holds 17,618 shares worth roughly $2.04 million.
Then, Chaffin Patrick S sold 1,380 shares, generating $151,287 in total proceeds. Upon selling the shares at $109.63, the EVP & COO now owns 33,807 shares.
Before that, REED COLIN V bought 19,284 shares. Ryman Hospitality Properties Inc shares valued at $2,040,633 were divested by the Exec. Chairman of the Board at a price of $105.82 per share. As a result of the transaction, REED COLIN V now holds 749,733 shares, worth roughly $86.79 million.
JP Morgan upgraded its Ryman Hospitality Properties Inc [RHP] rating to a Neutral from a an Underweight in a research note published on December 14, 2023; the price target was increased to $102 from $89. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Wolfe Research began covering RHP with “an Outperform” recommendation on September 28, 2023. Truist revised its rating on September 07, 2022. It rated RHP as “a Buy” which previously was an “a Hold”.
Price Performance Review of RHP
On Tuesday, Ryman Hospitality Properties Inc [NYSE:RHP] saw its stock fall -0.45% to $115.76. Over the last five days, the stock has gained 1.96%. Ryman Hospitality Properties Inc shares have risen nearly 5.18% since the year began. Nevertheless, the stocks have risen 28.30% over the past one year. While a 52-week high of $122.91 was reached on 02/23/24, a 52-week low of $79.81 was recorded on 01/24/24. SMA at 50 days reached $115.94, while 200 days put it at $99.63. A total of 0.38 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For RHP Stock
The 24-hour chart illustrates a support level at 114.23, which if violated will result in even more drops to 112.70. On the upside, there is a resistance level at 116.77. A further resistance level may holdings at 117.77. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.41%. Stochastics %K at 46.78% indicates the stock is a holding.
How much short interest is there in Ryman Hospitality Properties Inc?
A steep rise in short interest was recorded in Ryman Hospitality Properties Inc stocks on Mar 28, 2024, growing by 0.14 million shares to a total of 0.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.84 million shares. There was a rise of 14.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.25% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.16.
The most recent change occurred on March 24, 2022 when SMBC Nikko began covering the stock and recommended ‘”a Neutral”‘ rating.
