In a filing, Sylvamo Corp revealed its Chairman and CEO Ribieras JeanMichel unloaded Company’s shares for reported $1.34 million on Mar 24 ’25. In the deal valued at $66.13 per share,20,232 shares were sold. As a result of this transaction, Ribieras JeanMichel now holds 111,662 shares worth roughly $6.21 million.
Then, JEAN-MICHEL RIBIERAS bought 20,232 shares, generating $1,322,364 in total proceeds.
Before that, Ribieras JeanMichel sold 21,250 shares. Sylvamo Corp shares valued at $1,384,225 were divested by the Chairman and CEO at a price of $65.14 per share. As a result of the transaction, Ribieras JeanMichel now holds 131,894 shares, worth roughly $7.33 million.
BofA Securities downgraded its Sylvamo Corp [SLVM] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. BofA Securities also remained covering SLVM and has decreased its forecast on August 12, 2024 with a “Neutral” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on August 10, 2023. It rated SLVM as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of SLVM
On Tuesday, Sylvamo Corp [NYSE:SLVM] saw its stock jump 2.57% to $55.58. Over the last five days, the stock has lost -1.65%. Sylvamo Corp shares have fallen nearly -29.66% since the year began. Nevertheless, the stocks have fallen -20.75% over the past one year. While a 52-week high of $98.02 was reached on 01/21/25, a 52-week low of $51.60 was recorded on 05/09/25. SMA at 50 days reached $60.50, while 200 days put it at $75.38.
Levels Of Support And Resistance For SLVM Stock
The 24-hour chart illustrates a support level at 54.68, which if violated will result in even more drops to 53.78. On the upside, there is a resistance level at 56.12. A further resistance level may holdings at 56.66. The Relative Strength Index (RSI) on the 14-day chart is 43.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.33%. Stochastics %K at 34.27% indicates the stock is a holding.
