KD Logo

Reynolds Consumer Products Inc (REYN) rating initates by Jefferies

Reynolds Consumer Products Inc’s recently made public that its Director Golding Helen acquired Company’s shares for reported $32823.0 on Nov 14 ’24. In the deal valued at $27.58 per share,1,190 shares were bought. As a result of this transaction, Golding Helen now holds 1,190 shares worth roughly $32808.3.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, RICHARD A. NOLL REVOCABLE TRUS bought 42,173 shares, generating $1,163,414 in total proceeds.

Before that, Stangl Rolf bought 7,207 shares. Reynolds Consumer Products Inc shares valued at $196,378 were divested by the Director at a price of $27.25 per share. As a result of the transaction, Stangl Rolf now holds 7,207 shares, worth roughly $0.2 million.

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 jump 0.36% to $27.57. Over the last five days, the stock has lost -0.22%. Reynolds Consumer Products Inc shares have risen nearly 2.72% since the year began. Nevertheless, the stocks have risen 3.53% over the past one year. While a 52-week high of $32.65 was reached on 09/06/24, a 52-week low of $25.80 was recorded on 01/05/24. SMA at 50 days reached $29.61, 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 27.35, which if violated will result in even more drops to 27.12. On the upside, there is a resistance level at 27.72. A further resistance level may holdings at 27.86. The Relative Strength Index (RSI) on the 14-day chart is 38.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 43.48% indicates the stock is a holding.

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 2024-10-31, dropping by 78212.0 shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.6 million shares. There was a decline of -5.13%, which implies that there is a negative sentiment for the stock.

Most Popular