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Ryman Hospitality Properties Inc [NYSE: RHP] Sees Decrease in Stock Value

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 $999,989 were purchased by HASLAM WILLIAM E on Jun 13 ’24. At $100.28 per share, HASLAM WILLIAM E acquired 9,972 shares. The insider’s holdings grew to 22,790 shares worth approximately $2.21 million following the completion of this transaction.

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Also, Pantoya Christine sold 1,491 shares, netting a total of over 157,957 in proceeds. Following the sale of shares at $105.94 each, the insider now holds 4,973 shares.

Before that, REED COLIN V had added 13,800 shares to its account. In a trade valued at $1,468,265, the Exec. Chairman of the Board bought Ryman Hospitality Properties Inc shares for $106.40 each. Upon closing the transaction, the insider’s holdings increased to 13,800 shares, worth approximately $79.45 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 surge of approximately 1.18%. Over the course of the year, Ryman Hospitality Properties Inc shares have dropped approximately -11.88%. Shares of the company reached a 52-week high of $122.91 on 02/23/24 and a 52-week low of $95.44 on 06/26/24. A 50-day SMA is recorded $103.05, while a 200-day SMA reached $103.87. Nevertheless, trading volume fell to 0.22 million shares from 0.41 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 98.13, which, if violated, would cause prices to drop to 97.51. In the upper region, resistance lies at 99.43. The next price resistance is at 100.11. RSI (Relative Strength Index) is 38.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 41.83%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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