Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ryman Hospitality Properties Inc shares valued at $1,468,265 were purchased by REED COLIN V on May 07 ’24. At $106.40 per share, REED COLIN V acquired 13,800 shares. The insider’s holdings grew to 819,143 shares worth approximately $85.3 million following the completion of this transaction.
Also, Chaffin Patrick S sold 16,189 shares, netting a total of over 1,938,471 in proceeds. Following the sale of shares at $119.74 each, the insider now holds 17,618 shares.
Before that, Chaffin Patrick S had sold 1,380 shares from its account. In a trade valued at $151,287, the EVP & COO traded Ryman Hospitality Properties Inc shares for $109.63 each. Upon closing the transaction, the insider’s holdings decreased to 1,380 shares, worth approximately $3.52 million.
As published in a research note from JP Morgan on December 14, 2023, Ryman Hospitality Properties Inc [RHP] has been rated up from an Underweight to a Neutral and the price target has been revised to $102 from $89. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of September 28, 2023, Wolfe Research has initiated its “an Outperform” rating for RHP. Earlier on September 07, 2022, Truist upgraded its rating. Their new recommendation was “a Buy” for RHP stock which previously was a “a Hold”.
Analyzing RHP Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Ryman Hospitality Properties Inc shares have dropped approximately -5.39%. Shares of the company reached a 52-week high of $122.91 on 02/23/24 and a 52-week low of $100.60 on 05/02/24. A 50-day SMA is recorded $112.57, while a 200-day SMA reached $101.08. Nevertheless, trading volume fell to 0.57 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Ryman Hospitality Properties Inc (RHP)
According to the 24-hour chart, there is a support level at 103.13, which, if violated, would cause prices to drop to 102.12. In the upper region, resistance lies at 105.61. The next price resistance is at 107.08. RSI (Relative Strength Index) is 34.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 61.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
