Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Reynolds Consumer Products Inc shares valued at $416,000 were sold by Mayrhofer Chris on Sep 13 ’24. At $32.00 per share, Mayrhofer Chris sold 13,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Mayrhofer Chris sold 5,000 shares, netting a total of over 160,100 in proceeds. Following the sale of shares at $32.02 each, the insider now holds 7,579 shares.
Before that, CHRIS MAYRHOFER had added 5,000 shares to its account. In a trade valued at $159,150, the Officer bought Reynolds Consumer Products Inc shares for $31.83 each.
As published in their initiating research note from Jefferies on August 29, 2024, Reynolds Consumer Products Inc [REYN] has been a Buy and the price target has been revised to $38. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of October 03, 2023, Goldman has increased its “Sell” rating to a “Neutral” for REYN. Earlier on March 30, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Hold” for REYN stock.
Analyzing REYN Stock Performance
During the last five days, there has been a drop of approximately -1.89%. Over the course of the year, Reynolds Consumer Products Inc shares have jumped approximately 12.30%. Shares of the company reached a 52-week high of $32.65 on 09/06/24 and a 52-week low of $26.50 on 01/05/24. A 50-day SMA is recorded $30.45, while a 200-day SMA reached $28.69. Nevertheless, trading volume fell to 0.6 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Reynolds Consumer Products Inc (REYN)
According to the 24-hour chart, there is a support level at 29.80, which, if violated, would cause prices to drop to 29.45. In the upper region, resistance lies at 30.62. The next price resistance is at 31.09. RSI (Relative Strength Index) is 39.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 90.77%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
