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. Raymond James Financial, Inc shares valued at $1,594,650 were sold by Elwyn Tashtego S on Dec 13 ’24. At $159.47 per share, Elwyn Tashtego S sold 10,000 shares. The insider’s holdings dropped to 32,688 shares worth approximately $5.57 million following the completion of this transaction.
Also, Elwyn Tashtego S purchased 10,000 shares, netting a total of over 1,594,600 in proceeds.
Before that, Santelli Jonathan N had sold 3,100 shares from its account. In a trade valued at $513,318, the EVP, Gen Counsel, Secy traded Raymond James Financial, Inc shares for $165.59 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $4.58 million.
As published in a research note from JP Morgan on January 07, 2025, Raymond James Financial, Inc [RJF] has been rated down from an Overweight to a Neutral and the price target has been revised to $166 from $151. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 12, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for RJF. Earlier on October 09, 2024, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for RJF stock which previously was a “a Mkt perform”.
Analyzing RJF Stock Performance
During the last five days, there has been a surge of approximately 8.79%. Over the course of the year, Raymond James Financial, Inc shares have jumped approximately 9.77%. Shares of the company reached a 52-week high of $170.99 on 01/21/25 and a 52-week low of $152.67 on 01/13/25. A 50-day SMA is recorded $161.03, while a 200-day SMA reached $132.46. Nevertheless, trading volume fell to 1.01 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Raymond James Financial, Inc (RJF)
According to the 24-hour chart, there is a support level at 169.42, which, if violated, would cause prices to drop to 168.33. In the upper region, resistance lies at 171.28. The next price resistance is at 172.05. RSI (Relative Strength Index) is 69.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.72, which suggests the price will increase in the coming days. Percent R is at 2.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
