Raymond James Financial, Inc’s recent filing unveils that 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 $5.23 million.
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 $4.29 million.
Goldman upgraded its Raymond James Financial, Inc [RJF] rating to a Buy from a a Neutral in a research note published on January 06, 2025; the price target was increased to $185 from $161. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. JMP Securities also remained covering RJF and has increased its forecast on October 09, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. Wells Fargo started covering the stock on September 12, 2024. It rated RJF as “an Overweight”.
Price Performance Review of RJF
On Monday, Raymond James Financial, Inc [NYSE:RJF] saw its stock jump 1.36% to $159.87. Over the last five days, the stock has gained 1.88%. Raymond James Financial, Inc shares have risen nearly 2.92% since the year began. Nevertheless, the stocks have risen 45.11% over the past one year. While a 52-week high of $171.38 was reached on 01/06/25, a 52-week low of $104.24 was recorded on 01/03/25. SMA at 50 days reached $158.37, while 200 days put it at $130.75.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 158.82, which if violated will result in even more drops to 157.77. On the upside, there is a resistance level at 161.38. A further resistance level may holdings at 162.90. The Relative Strength Index (RSI) on the 14-day chart is 55.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.19%. Stochastics %K at 64.61% indicates the stock is a holding.
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 2024-12-13, dropping by -0.65 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.53 million shares. There was a decline of -11.15%, which implies that there is a negative sentiment for the stock.
