Raymond James Financial, Inc’s recent filing unveils that its CEO & President – RJA Elwyn Tashtego S unloaded Company’s shares for reported $3.43 million on Aug 12 ’24. In the deal valued at $109.64 per share,31,277 shares were sold. As a result of this transaction, Elwyn Tashtego S now holds 35,380 shares worth roughly $5.98 million.
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Then, Elwyn Tashtego S bought 31,277 shares, generating $3,429,142 in total proceeds.
Before that, Allaire Bella Loykhter sold 17,363 shares. Raymond James Financial, Inc shares valued at $1,996,684 were divested by the Executive Vice President-RJA at a price of $115.00 per share. As a result of the transaction, Allaire Bella Loykhter now holds 75,586 shares, worth roughly $12.77 million.
JMP Securities upgraded its Raymond James Financial, Inc [RJF] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Wolfe Research also remained covering RJF and has decreased its forecast on July 08, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on January 10, 2024. It rated RJF as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of RJF
On Tuesday, Raymond James Financial, Inc [NYSE:RJF] saw its stock jump 1.12% to $168.92. Over the last five days, the stock has gained 3.87%. Raymond James Financial, Inc shares have risen nearly 51.50% since the year began. Nevertheless, the stocks have risen 60.42% over the past one year. While a 52-week high of $167.40 was reached on 11/26/24, a 52-week low of $102.42 was recorded on 08/05/24. SMA at 50 days reached $141.81, while 200 days put it at $125.48.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 166.42, which if violated will result in even more drops to 163.91. On the upside, there is a resistance level at 170.22. A further resistance level may holdings at 171.51. The Relative Strength Index (RSI) on the 14-day chart is 76.78, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.68%. Stochastics %K at 98.42% indicates the stock is a selling.
How much short interest is there in Raymond James Financial, Inc?
A steep rise in short interest was recorded in Raymond James Financial, Inc stocks on 2024-11-15, dropping by -1.59 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.11 million shares. There was a decline of -24.29%, which implies that there is a negative sentiment for the stock.
