Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ryman Hospitality Properties Inc shares valued at $96,588 were sold by Bowles Alvin L JR on Sep 19 ’24. At $107.32 per share, Bowles Alvin L JR sold 900 shares. The insider’s holdings dropped to 3,148 shares worth approximately $0.34 million following the completion of this transaction.
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Also, ALVIN L. BOWLES purchased 900 shares, netting a total of over 96,585 in proceeds.
Before that, REED COLIN V had added 8,077 shares to its account. In a trade valued at $789,769, the Exec. Chairman of the Board bought Ryman Hospitality Properties Inc shares for $97.78 each. Upon closing the transaction, the insider’s holdings increased to 8,077 shares, worth approximately $88.55 million.
As published in a research note from JP Morgan on December 14, 2023, Ryman Hospitality Properties Inc [RHP] has been rated up from an Underweight to a Neutral and the price target has been revised to $102 from $89. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of September 28, 2023, Wolfe Research has initiated its “an Outperform” rating for RHP. Earlier on September 07, 2022, Truist upgraded its rating. Their new recommendation was “a Buy” for RHP stock which previously was a “a Hold”.
Analyzing RHP Stock Performance
During the last five days, there has been a drop of approximately -0.57%. Over the course of the year, Ryman Hospitality Properties Inc shares have dropped approximately -2.73%. Shares of the company reached a 52-week high of $122.91 on 02/23/24 and a 52-week low of $93.76 on 08/05/24. A 50-day SMA is recorded $106.56, while a 200-day SMA reached $107.28. Nevertheless, trading volume fell to 0.57 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Ryman Hospitality Properties Inc (RHP)
According to the 24-hour chart, there is a support level at 106.11, which, if violated, would cause prices to drop to 105.18. In the upper region, resistance lies at 108.81. The next price resistance is at 110.58. RSI (Relative Strength Index) is 45.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 75.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
