Reynolds American Inc (NYSE:RAI) has tumbled 1.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.23% in the last four weeks. The stocks have underperformed the S&P 500 by 0.62% during the past week but Reynolds American Inc (NYSE:RAI) it has outperformed the index in 4 weeks by 0.31%.
Reynolds American Inc (NYSE:RAI): The stock opened at $50.58 on Friday but the bulls could not build on the opening and the stock topped out at $50.64 for the day. The stock traded down to $50.01 during the day, due to lack of any buying support eventually closed down at $50.22 with a loss of -0.71% for the day. The stock had closed at $50.58 on the previous day. The total traded volume was 4,344,377 shares.
The company shares have rallied 29.75% from its 1 Year high price. On Mar 10, 2016, the shares registered one year high at $52.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $50.33 and the 200 Day Moving Average price is recorded at $48.94.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Reynolds American Inc, Cameron Susan M. had sold 105,766 shares worth of $5,275,608 in a transaction dated May 9, 2016. In this transaction, 105,766 shares were sold at $49.88 per share.
Many analysts have stated their opinion on the company shares. Berenberg initiates coverage on Reynolds American Inc (NYSE:RAI) . Analysts at the Berenberg have a current rating of Hold on the shares. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.11% of Reynolds American Inc shares according to the proxy statements. Institutional Investors own 48.1% of Reynolds American Inc shares. During last six month period, the net percent change held by insiders has seen a change of -38%.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.