The Market Myopia Regarding Raymond James Financial, Inc. (RJF)

The stock of Raymond James Financial, Inc. (NYSE:RJF) has been Initiated to Buy by Argus in its latest research note that was published on March 06. RJF was given a price target of $92, with other Wall Street analysts also giving their reports regarding the stock. Goldman, analysts launched coverage of RJF stock with a Neutral rating, according to their flash note to investors on November 27. Analysts at Citigroup downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to October 26.

Raymond James Financial, Inc., which has current market capitalization of above $12 Billion, published its last quarter earnings on June 30, 2019.

RJF surged by $1.04 during the normal trading session on Thursday and reaching a high of $86.82 during the day while it closed the day at $86.41. The Raymond stock had a low trading volume of 1.00 million shares on that day, which is low compared to the average daily volume of 938.32M shares. RJF has also gained 8.08% of its value over the past 7 days. However, the stock has surged by 3.40% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.38% while it has added 16.13% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.87% from its 3 months high price. However, taking another look at RJF will indicate that it is trading +18.47% away from its 90-day low. Looking at the bigger picture, the Raymond James Financial, Inc. stock has dropped by -10.7% from its 52-week high while it has surged by +25.02% from its 52-week low price.

On August 30, 2019 JULIEN JEFFREY P, CFO, Executive VP – Fin sold 15756 shares of the company. The average price for that transaction was $78.59 per share, which meant that JULIEN JEFFREY P earned $1238264 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP, Gen Counsel, Secy, Santelli Jonathan N selling 725 shares of this stock on May 29, 2019. The average selling price for the stock was $84.82 per share, with the sold stock accruing $61494.5. Following this transaction, the EVP, Gen Counsel, Secy Santelli Jonathan N now holds 55348 shares of the company, which is worth around $4747751.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 94.66%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 96.98%. Over the past 20 days, Raymond’s Stochastic %K stood at 98.77% while its Stochastic %D was revealed to be 98.01%.