Raymond James Financial, Inc’s recently made public that its Officer Raney Steven M acquired Company’s shares for reported $1.72 million on Nov 29 ’24. In the deal valued at $169.61 per share,10,136 shares were bought.
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Then, Allaire Bella Loykhter bought 1,170 shares, generating $198,198 in total proceeds.
Before that, Elwyn Tashtego S sold 31,277 shares. Raymond James Financial, Inc shares valued at $3,429,263 were divested by the CEO & President – RJA at a price of $109.64 per share. As a result of the transaction, Elwyn Tashtego S now holds 35,380 shares, worth roughly $5.99 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 Friday, Raymond James Financial, Inc [NYSE:RJF] saw its stock fall -0.48% to $169.28. Over the last five days, the stock has gained 3.36%. Raymond James Financial, Inc shares have risen nearly 51.82% since the year began. Nevertheless, the stocks have risen 63.16% over the past one year. While a 52-week high of $170.93 was reached on 11/29/24, a 52-week low of $102.42 was recorded on 08/05/24. SMA at 50 days reached $143.69, while 200 days put it at $126.02.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 168.35, which if violated will result in even more drops to 167.43. On the upside, there is a resistance level at 170.79. A further resistance level may holdings at 172.31. The Relative Strength Index (RSI) on the 14-day chart is 75.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.36%. Stochastics %K at 90.56% 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.
