Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rayonier Inc shares valued at $367,859 were sold by Martin V. Larkin on Sep 12 ’24. At $30.66 per share, Martin V. Larkin sold 11,998 shares. The insider’s holdings dropped to 28,170 shares worth approximately $0.85 million following the completion of this transaction.
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Also, Martin V. Larkin sold 10,011 shares, netting a total of over 306,036 in proceeds. Following the sale of shares at $30.57 each, the insider now holds 40,168 shares.
Before that, Martin V. Larkin had added 11,998 shares to its account. In a trade valued at $367,859, the Director bought Rayonier Inc shares for $30.66 each.
As published in a research note from Seaport Research Partners on November 02, 2023, Rayonier Inc [RYN] has been rated up from a Neutral to a Buy and the price target has been revised to $32. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in mid May. As of December 15, 2020, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for RYN. Earlier on August 10, 2020, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for RYN stock which previously was a “a Buy”.
Analyzing RYN Stock Performance
During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Rayonier Inc shares have dropped approximately -9.88%. Shares of the company reached a 52-week high of $35.29 on 03/04/24 and a 52-week low of $27.40 on 07/10/24. A 50-day SMA is recorded $31.49, while a 200-day SMA reached $31.05. Nevertheless, trading volume fell to 1.2 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Rayonier Inc (RYN)
According to the 24-hour chart, there is a support level at 29.90, which, if violated, would cause prices to drop to 29.70. In the upper region, resistance lies at 30.32. The next price resistance is at 30.53. RSI (Relative Strength Index) is 37.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 88.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
