Rayonier Inc’s recent filing unveils that its Director Martin V. Larkin unloaded Company’s shares for reported $0.37 million on Sep 12 ’24. In the deal valued at $30.66 per share,11,998 shares were sold. As a result of this transaction, Martin V. Larkin now holds 28,170 shares worth roughly $0.7 million.
Then, Martin V. Larkin sold 10,011 shares, generating $306,036 in total proceeds. Upon selling the shares at $30.57, the Director now owns 40,168 shares.
Before that, Martin V. Larkin bought 11,998 shares. Rayonier Inc shares valued at $367,859 were divested by the Director at a price of $30.66 per share.
Seaport Research Partners upgraded its Rayonier Inc [RYN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid May with a ‘”a Hold”‘ rating. Raymond James also remained covering RYN and has decreased its forecast on December 15, 2020 with a “Mkt perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on August 10, 2020. It rated RYN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RYN
On Friday, Rayonier Inc [NYSE:RYN] saw its stock fall -3.03% to $24.95. Over the last five days, the stock has lost -4.22%. Rayonier Inc shares have fallen nearly -4.41% since the year began. Nevertheless, the stocks have fallen -17.43% over the past one year. While a 52-week high of $33.24 was reached on 01/06/25, a 52-week low of $25.32 was recorded on 01/10/25. SMA at 50 days reached $29.33, while 200 days put it at $30.17.
Levels Of Support And Resistance For RYN Stock
The 24-hour chart illustrates a support level at 24.63, which if violated will result in even more drops to 24.32. On the upside, there is a resistance level at 25.51. A further resistance level may holdings at 26.08. The Relative Strength Index (RSI) on the 14-day chart is 24.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.74%. Stochastics %K at 11.44% indicates the stock is a buying.
How much short interest is there in Rayonier Inc?
A steep rise in short interest was recorded in Rayonier Inc stocks on 2024-12-13, growing by 0.27 million shares to a total of 4.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.92 million shares. There was a rise of 6.47%, which implies that there is a positive sentiment for the stock.
