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Understanding the Risks of Investing in Raymond James Financial, Inc (RJF)

In a filing, Raymond James Financial, Inc revealed its President, PCG Elwyn Tashtego S unloaded Company’s shares for reported $1.59 million on Dec 13 ’24. In the deal valued at $159.47 per share,10,000 shares were sold. As a result of this transaction, Elwyn Tashtego S now holds 32,688 shares worth roughly $5.16 million.

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Then, Elwyn Tashtego S bought 10,000 shares, generating $1,594,600 in total proceeds.

Before that, Santelli Jonathan N sold 3,100 shares. Raymond James Financial, Inc shares valued at $513,318 were divested by the EVP, Gen Counsel, Secy at a price of $165.59 per share. As a result of the transaction, Santelli Jonathan N now holds 26,845 shares, worth roughly $4.24 million.

Wells Fargo downgraded its Raymond James Financial, Inc [RJF] rating to an Equal weight from a an Overweight in a research note published on December 12, 2024; the price target was increased to $169 from $152. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in early October from “a Mkt perform” to “a Mkt outperform”. Wells Fargo began covering RJF with “an Overweight” recommendation on September 12, 2024. Wolfe Research revised its rating on July 08, 2024. It rated RJF as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of RJF

On Tuesday, Raymond James Financial, Inc [NYSE:RJF] saw its stock fall -1.56% to $157.90. Over the last five days, the stock has lost -1.87%. Raymond James Financial, Inc shares have risen nearly 41.61% since the year began. Nevertheless, the stocks have risen 43.52% over the past one year. While a 52-week high of $171.38 was reached on 11/29/24, a 52-week low of $104.24 was recorded on 08/05/24. SMA at 50 days reached $152.90, while 200 days put it at $128.64.

Levels Of Support And Resistance For RJF Stock

The 24-hour chart illustrates a support level at 156.81, which if violated will result in even more drops to 155.72. On the upside, there is a resistance level at 159.34. A further resistance level may holdings at 160.78. The Relative Strength Index (RSI) on the 14-day chart is 44.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.80%. Stochastics %K at 9.66% indicates the stock is a buying.

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 2024-11-29, dropping by 87365.0 shares to a total of 5.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.04 million shares. There was a decline of -1.47%, which implies that there is a negative sentiment for the stock.

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