Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Raymond James Financial, Inc. shares valued at $98,715 were purchased by GARCIA ART A on Feb 09 ’24. At $112.30 per share, GARCIA ART A acquired 879 shares. The insider’s holdings grew to 879 shares worth approximately $0.11 million following the completion of this transaction.
Also, Santelli Jonathan N sold 1,891 shares, netting a total of over 211,626 in proceeds. Following the sale of shares at $111.91 each, the insider now holds 21,491 shares.
Before that, Raney Steven M had sold 930 shares from its account. In a trade valued at $102,691, the President & CEO RJBank traded Raymond James Financial, Inc. shares for $110.42 each. Upon closing the transaction, the insider’s holdings decreased to 930 shares, worth approximately $6.92 million.
As published in a research note from JP Morgan on January 10, 2024, Raymond James Financial, Inc. [RJF] has been rated up from a Neutral to an Overweight and the price target has been revised to $135 from $110. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of January 04, 2024, TD Cowen has initiated its “Market perform” rating for RJF. Earlier on January 03, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for RJF stock which previously was a “a Buy”.
Analyzing RJF Stock Performance
During the last five days, there has been a drop of approximately -2.28%. Over the course of the year, Raymond James Financial, Inc. shares have jumped approximately 11.66%. Shares of the company reached a 52-week high of $131.19 on 04/04/24 and a 52-week low of $106.75 on 01/16/24. A 50-day SMA is recorded $120.61, while a 200-day SMA reached $109.11. Nevertheless, trading volume fell to 1.56 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Raymond James Financial, Inc. (RJF)
According to the 24-hour chart, there is a support level at 123.54, which, if violated, would cause prices to drop to 122.57. In the upper region, resistance lies at 126.40. The next price resistance is at 128.29. RSI (Relative Strength Index) is 49.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 99.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Raymond James Financial, Inc. subject to short interest?
Stocks of Raymond James Financial, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.23 million shares to 4.26 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.03 million shares. A jump of 5.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.48.
