In a filing, Raymond James Financial, Inc. revealed its CEO & President – RJA Elwyn Tashtego S unloaded Company’s shares for reported $3.43 million on Aug 12 ’24. In the deal valued at $109.64 per share,31,277 shares were sold. As a result of this transaction, Elwyn Tashtego S now holds 35,380 shares worth roughly $4.5 million.
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Then, Elwyn Tashtego S bought 31,277 shares, generating $3,429,142 in total proceeds.
Before that, Allaire Bella Loykhter sold 17,363 shares. Raymond James Financial, Inc. shares valued at $1,996,684 were divested by the Executive Vice President-RJA at a price of $115.00 per share. As a result of the transaction, Allaire Bella Loykhter now holds 75,586 shares, worth roughly $9.61 million.
Wells Fargo initiated its Raymond James Financial, Inc. [RJF] rating to an Overweight in a research note published on September 12, 2024; the price target was $138. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early July from “an Outperform” to “a Peer perform”. JP Morgan also remained covering RJF and has increased its forecast on January 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on January 09, 2024. It rated RJF as “a Hold” which previously was an “a Buy”.
Price Performance Review of RJF
On Friday, Raymond James Financial, Inc. [NYSE:RJF] saw its stock jump 1.95% to $127.13. Over the last five days, the stock has gained 3.81%. Raymond James Financial, Inc. shares have risen nearly 14.02% since the year began. Nevertheless, the stocks have risen 30.54% over the past one year. While a 52-week high of $131.19 was reached on 04/04/24, a 52-week low of $91.67 was recorded on 08/05/24. SMA at 50 days reached $117.42, while 200 days put it at $118.78.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 126.09, which if violated will result in even more drops to 125.05. On the upside, there is a resistance level at 127.95. A further resistance level may holdings at 128.78. The Relative Strength Index (RSI) on the 14-day chart is 71.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.70%. Stochastics %K at 85.08% indicates the stock is a selling.
How much short interest is there in Raymond James Financial, Inc.?
A steep rise in short interest was recorded in Raymond James Financial, Inc. stocks on 2024-09-13, growing by 0.44 million shares to a total of 8.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.47 million shares. There was a rise of 4.93%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $121 price target.
