The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $0.5 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 $87.11 million.
As published in a research note from JP Morgan on December 13, 2024, Ryman Hospitality Properties Inc [RHP] has been rated down from a Neutral to an Underweight and the price target has been revised to $100. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of November 06, 2024, Jefferies has initiated its “Buy” rating for RHP. Earlier on December 14, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for RHP stock which previously was a “an Underweight”.
Analyzing RHP Stock Performance
During the last five days, there has been a drop of approximately -10.77%. Over the course of the year, Ryman Hospitality Properties Inc shares have dropped approximately -5.11%. 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 $112.39, while a 200-day SMA reached $107.12. Nevertheless, trading volume fell to 0.87 million shares from 0.69 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 101.85, which, if violated, would cause prices to drop to 99.26. In the upper region, resistance lies at 109.43. The next price resistance is at 114.43. RSI (Relative Strength Index) is 23.63 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.57, which suggests the price will decrease in the coming days. Percent R is at 98.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
