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Analyzing Raymond James Financial, Inc. (RJF) After Recent Trading Activity

Raymond James Financial, Inc.’s recent filing unveils that its Pres-GlobEq&Inv Banking-RJA Bunn James E unloaded Company’s shares for reported $1.38 million on May 03 ’24. In the deal valued at $124.44 per share,11,095 shares were sold. As a result of this transaction, Bunn James E now holds 46,977 shares worth roughly $5.96 million.

Then, Raney Steven M sold 4,174 shares, generating $505,107 in total proceeds. Upon selling the shares at $121.01, the President & CEO RJBank now owns 51,009 shares.

Before that, GARCIA ART A bought 879 shares. Raymond James Financial, Inc. shares valued at $98,715 were divested by the Director at a price of $112.30 per share. As a result of the transaction, GARCIA ART A now holds 879 shares, worth roughly $0.11 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 Tuesday, Raymond James Financial, Inc. [NYSE:RJF] saw its stock jump 1.00% to $126.96. Over the last five days, the stock has gained 1.35%. Raymond James Financial, Inc. shares have risen nearly 13.87% since the year began. Nevertheless, the stocks have risen 50.41% over the past one year. While a 52-week high of $131.19 was reached on 04/04/24, a 52-week low of $84.63 was recorded on 01/16/24. SMA at 50 days reached $124.28, while 200 days put it at $111.16. A total of 0.57 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For RJF Stock

The 24-hour chart illustrates a support level at 126.08, which if violated will result in even more drops to 125.19. On the upside, there is a resistance level at 127.48. A further resistance level may holdings at 128.00. The Relative Strength Index (RSI) on the 14-day chart is 59.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.72%. Stochastics %K at 83.16% indicates the stock is a selling.

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.

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