Rayonier Advanced Materials Inc’s recently made public that its Director Bowen Eric acquired Company’s shares for reported $0.1 million on Dec 13 ’24. In the deal valued at $8.04 per share,12,500 shares were bought. As a result of this transaction, Bowen Eric now holds 12,500 shares worth roughly $0.1 million.
RBC Capital Mkts upgraded its Rayonier Advanced Materials Inc [RYAM] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Sector perform”. RBC Capital Mkts also remained covering RYAM and has increased its forecast on July 18, 2022 with a “an Outperform” recommendation from previously “Sector perform” rating. RBC Capital Mkts revised its rating on April 07, 2022. It rated RYAM as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of RYAM
On Monday, Rayonier Advanced Materials Inc [NYSE:RYAM] saw its stock jump 6.74% to $8.08. Over the last five days, the stock has gained 8.17%. Rayonier Advanced Materials Inc shares have risen nearly 99.51% since the year began. Nevertheless, the stocks have risen 98.04% over the past one year. While a 52-week high of $10.28 was reached on 11/11/24, a 52-week low of $3.15 was recorded on 02/28/24. SMA at 50 days reached $8.38, while 200 days put it at $6.62.
Levels Of Support And Resistance For RYAM Stock
The 24-hour chart illustrates a support level at 7.58, which if violated will result in even more drops to 7.08. On the upside, there is a resistance level at 8.35. A further resistance level may holdings at 8.63. The Relative Strength Index (RSI) on the 14-day chart is 50.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.33%. Stochastics %K at 50.67% indicates the stock is a holding.
How much short interest is there in Rayonier Advanced Materials Inc?
A steep rise in short interest was recorded in Rayonier Advanced Materials Inc stocks on 2024-12-13, growing by 0.3 million shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.65 million shares. There was a rise of 31.37%, which implies that there is a positive sentiment for the stock.
