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JP Morgan gives an Underweight recommendation for Ryman Hospitality Properties Inc (RHP)

NUE

In a filing, Ryman Hospitality Properties Inc revealed its Director Merchant Fazal F unloaded Company’s shares for reported $0.14 million on Nov 13 ’24. In the deal valued at $113.98 per share,1,269 shares were sold. As a result of this transaction, Merchant Fazal F now holds 4,825 shares worth roughly $0.47 million.

Then, Merchant Fazal bought 1,269 shares, generating $144,437 in total proceeds.

Before that, REED COLIN V bought 6,809 shares. Ryman Hospitality Properties Inc shares valued at $759,816 were divested by the Exec. Chairman of the Board at a price of $111.59 per share. As a result of the transaction, REED COLIN V now holds 834,029 shares, worth roughly $82.1 million.

JP Morgan downgraded its Ryman Hospitality Properties Inc [RHP] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Jefferies began covering RHP with “Buy” recommendation on November 06, 2024. JP Morgan revised its rating on December 14, 2023. It rated RHP as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of RHP

On Friday, Ryman Hospitality Properties Inc [NYSE:RHP] saw its stock fall -5.02% to $98.44. Over the last five days, the stock has lost -3.90%. Ryman Hospitality Properties Inc shares have fallen nearly -5.65% since the year began. Nevertheless, the stocks have fallen -16.33% over the past one year. While a 52-week high of $122.85 was reached on 01/28/25, a 52-week low of $93.75 was recorded on 02/21/25. SMA at 50 days reached $105.53, while 200 days put it at $105.37.

Levels Of Support And Resistance For RHP Stock

The 24-hour chart illustrates a support level at 96.01, which if violated will result in even more drops to 93.57. On the upside, there is a resistance level at 102.14. A further resistance level may holdings at 105.83. The Relative Strength Index (RSI) on the 14-day chart is 33.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.80%. Stochastics %K at 36.06% indicates the stock is a holding.

The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $94 price target.

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