Reynolds Consumer Products Inc’s recently made public that its VP, Controller & CAO Mayrhofer Chris unloaded Company’s shares for reported $0.42 million on Sep 13 ’24. In the deal valued at $32.00 per share,13,000 shares were sold. As a result of this transaction, Mayrhofer Chris now holds 0 shares worth roughly $0.0.
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Then, Mayrhofer Chris sold 5,000 shares, generating $160,100 in total proceeds. Upon selling the shares at $32.02, the VP, Controller & CAO now owns 7,579 shares.
Before that, CHRIS MAYRHOFER bought 5,000 shares. Reynolds Consumer Products Inc shares valued at $159,150 were divested by the Officer at a price of $31.83 per share.
Jefferies initiated its Reynolds Consumer Products Inc [REYN] rating to a Buy in a research note published on August 29, 2024; the price target was $38. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late November from “an Overweight” to “a Neutral”. Goldman also remained covering REYN and has increased its forecast on October 03, 2023 with a “Neutral” recommendation from previously “Sell” rating. Canaccord Genuity started covering the stock on March 30, 2023. It rated REYN as “a Hold”.
Price Performance Review of REYN
On Tuesday, Reynolds Consumer Products Inc [NASDAQ:REYN] saw its stock fall -0.97% to $29.52. Over the last five days, the stock has lost -1.14%. Reynolds Consumer Products Inc shares have risen nearly 9.99% since the year began. Nevertheless, the stocks have risen 18.22% over the past one year. While a 52-week high of $32.65 was reached on 09/06/24, a 52-week low of $25.07 was recorded on 01/05/24. SMA at 50 days reached $30.82, while 200 days put it at $28.98.
Levels Of Support And Resistance For REYN Stock
The 24-hour chart illustrates a support level at 29.38, which if violated will result in even more drops to 29.24. On the upside, there is a resistance level at 29.70. A further resistance level may holdings at 29.88. The Relative Strength Index (RSI) on the 14-day chart is 37.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.60%. Stochastics %K at 19.18% indicates the stock is a buying.
How much short interest is there in Reynolds Consumer Products Inc?
A steep rise in short interest was recorded in Reynolds Consumer Products Inc stocks on 2024-10-15, dropping by -0.65 million shares to a total of 1.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.33 million shares. There was a decline of -38.84%, which implies that there is a negative sentiment for the stock.
