Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Raymond James Financial, Inc shares valued at $823,383 were purchased by Carter Horace on Dec 04 ’24. At $164.68 per share, Carter Horace acquired 5,000 shares.
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Also, Reid Shannon B purchased 1,241 shares, netting a total of over 205,110 in proceeds.
Before that, REILLY PAUL C had sold 50,000 shares from its account. In a trade valued at $8,365,065, the Chair & CEO traded Raymond James Financial, Inc shares for $167.30 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $46.93 million.
As published in a research note from JMP Securities on October 09, 2024, Raymond James Financial, Inc [RJF] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $146. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of July 08, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for RJF. Earlier on January 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for RJF stock which previously was a “a Neutral”.
Analyzing RJF Stock Performance
During the last five days, there has been a drop of approximately -1.87%. Over the course of the year, Raymond James Financial, Inc shares have jumped approximately 48.66%. Shares of the company reached a 52-week high of $171.38 on 11/29/24 and a 52-week low of $104.24 on 08/05/24. A 50-day SMA is recorded $146.19, while a 200-day SMA reached $126.75. Nevertheless, trading volume fell to 1.06 million shares from 90818.0 shares the previous day.
Support And Resistance Levels for Raymond James Financial, Inc (RJF)
According to the 24-hour chart, there is a support level at 164.55, which, if violated, would cause prices to drop to 163.35. In the upper region, resistance lies at 166.64. The next price resistance is at 167.52. RSI (Relative Strength Index) is 65.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 46.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
