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 $0.35 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 $92.04 million.
As published in their initiating research note from Jefferies on November 06, 2024, Ryman Hospitality Properties Inc [RHP] has been a Buy and the price target has been revised to $130. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of October 03, 2023, Wedbush has initiated its “an Outperform” rating for RHP. Earlier on September 28, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for RHP stock.
Analyzing RHP Stock Performance
During the last five days, there has been a surge of approximately 3.93%. Over the course of the year, Ryman Hospitality Properties Inc shares have jumped approximately 1.09%. 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 $107.23, while a 200-day SMA reached $107.24. Nevertheless, trading volume fell to 0.72 million shares from 0.95 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 109.59, which, if violated, would cause prices to drop to 107.93. In the upper region, resistance lies at 113.05. The next price resistance is at 114.85. RSI (Relative Strength Index) is 56.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.17, which suggests the price will increase in the coming days. Percent R is at 50.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
