In a filing, Rayonier Inc revealed 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 $0.67 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.
Raymond James upgraded its Rayonier Inc [RYN] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Truist began covering RYN with “Hold” recommendation on May 16, 2023. Raymond James revised its rating on December 15, 2020. It rated RYN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of RYN
On Tuesday, Rayonier Inc [NYSE:RYN] saw its stock fall -0.91% to $23.90. Over the last five days, the stock has gained 4.28%. Rayonier Inc shares have fallen nearly -8.43% since the year began. Nevertheless, the stocks have fallen -12.01% over the past one year. While a 52-week high of $30.66 was reached on 03/20/25, a 52-week low of $22.80 was recorded on 04/09/25. SMA at 50 days reached $25.80, while 200 days put it at $28.44.
Levels Of Support And Resistance For RYN Stock
The 24-hour chart illustrates a support level at 23.69, which if violated will result in even more drops to 23.49. On the upside, there is a resistance level at 24.15. A further resistance level may holdings at 24.41. The Relative Strength Index (RSI) on the 14-day chart is 43.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.19%. Stochastics %K at 39.87% indicates the stock is a holding.
