Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Raymond James Financial, Inc. shares valued at $3,429,263 were sold by Elwyn Tashtego S on Aug 12 ’24. At $109.64 per share, Elwyn Tashtego S sold 31,277 shares. The insider’s holdings dropped to 35,380 shares worth approximately $4.38 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Elwyn Tashtego S purchased 31,277 shares, netting a total of over 3,429,142 in proceeds.
Before that, Allaire Bella Loykhter had sold 17,363 shares from its account. In a trade valued at $1,996,684, the Executive Vice President-RJA traded Raymond James Financial, Inc. shares for $115.00 each. Upon closing the transaction, the insider’s holdings decreased to 17,363 shares, worth approximately $9.36 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Raymond James Financial, Inc. [RJF] has been an Overweight and the price target has been revised to $138. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early July. As of January 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for RJF. Earlier on January 09, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” 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 -1.01%. Over the course of the year, Raymond James Financial, Inc. shares have jumped approximately 11.07%. Shares of the company reached a 52-week high of $131.19 on 04/04/24 and a 52-week low of $104.24 on 08/05/24. A 50-day SMA is recorded $116.99, while a 200-day SMA reached $118.63. Nevertheless, trading volume fell to 1.04 million shares from 1.41 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 122.69, which, if violated, would cause prices to drop to 121.55. In the upper region, resistance lies at 124.78. The next price resistance is at 125.73. RSI (Relative Strength Index) is 63.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 22.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
