Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ryman Hospitality Properties Inc shares valued at $144,641 were sold by Merchant Fazal F on Nov 13 ’24. At $113.98 per share, Merchant Fazal F sold 1,269 shares. The insider’s holdings dropped to 4,825 shares worth approximately $0.56 million following the completion of this transaction.
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Also, Merchant Fazal purchased 1,269 shares, netting a total of over 144,437 in proceeds.
Before that, REED COLIN V had added 6,809 shares to its account. In a trade valued at $759,816, the Exec. Chairman of the Board bought Ryman Hospitality Properties Inc shares for $111.59 each. Upon closing the transaction, the insider’s holdings increased to 6,809 shares, worth approximately $97.35 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 4.09%. Over the course of the year, Ryman Hospitality Properties Inc shares have jumped approximately 6.05%. 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 $110.77, while a 200-day SMA reached $107.31. Nevertheless, trading volume fell to 0.27 million shares from 0.48 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 115.79, which, if violated, would cause prices to drop to 114.85. In the upper region, resistance lies at 118.40. The next price resistance is at 120.08. RSI (Relative Strength Index) is 65.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.24, which suggests the price will increase in the coming days. Percent R is at 25.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
