Rayonier Advanced Materials (RYAM) Shares are Down -2.53%

Rayonier Advanced Materials (RYAM) : During the past 4 weeks, traders have been relatively bearish on Rayonier Advanced Materials (RYAM), hence the stock is down -20.42% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.58% relative to the S&P 500. The 4-week change in the price of the stock is -19.6% and the stock has fallen -2.53% in the past 1 week.

The stock has recorded a 20-day Moving Average of 14.83% and the 50-Day Moving Average is 12.04%. Rayonier Advanced Materials (NYSE:RYAM): On Fridays trading session , Opening price of the stock was $11.97 with an intraday high of $12.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.87. However, the stock managed to close at $11.94, a loss of 0.67% for the day. On the previous day, the stock had closed at $12.02. The total traded volume of the day was 869,689 shares.


The company Insiders own 2.06% of Rayonier Advanced Materials shares according to the proxy statements. Institutional Investors own 73.94% of Rayonier Advanced Materials shares. Also, Atlantic Equities upgrades its rating on Rayonier Advanced Materials (NYSE:RYAM). Analysts at the Atlantic Equities have a current rating of Hold on the shares. The shares were previously rated Sell. The rating by the firm was issued on August 10, 2016.

Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Companys product lines include cellulose specialties and commodity products. Cellulose specialties are polymers, used as raw materials to manufacture consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.