The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $4.82 million following the completion of this transaction.
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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 $10.29 million.
As published in a research note from JMP Securities on October 09, 2024, Raymond James Financial, Inc. [RJF] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $146. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of July 08, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for RJF. Earlier on January 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for RJF stock which previously was a “a Neutral”.
Analyzing RJF Stock Performance
During the last five days, there has been a surge of approximately 6.12%. Over the course of the year, Raymond James Financial, Inc. shares have jumped approximately 22.09%. Shares of the company reached a 52-week high of $136.47 on 10/16/24 and a 52-week low of $104.24 on 08/05/24. A 50-day SMA is recorded $120.13, while a 200-day SMA reached $119.46. Nevertheless, trading volume fell to 1.81 million shares from 1.48 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 134.08, which, if violated, would cause prices to drop to 132.02. In the upper region, resistance lies at 137.33. The next price resistance is at 138.52. RSI (Relative Strength Index) is 77.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.12, which suggests the price will increase in the coming days. Percent R is at 2.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
