Reynolds American Inc (RAI) has been under a strong bear grip, hence the stock is down -3.49% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.15% in the past 1 week. The stock has risen by 0.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.12% in the past 4 weeks.
Reynolds American Inc. is up 2.97% in the last 3-month period. Year-to-Date the stock performance stands at 11.59%. The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 1.2%.
Reynolds American Inc (NYSE:RAI): The stock opened at $50.83 on Friday but the bulls could not build on the opening and the stock topped out at $50.85 for the day. The stock traded down to $50.44 during the day, due to lack of any buying support eventually closed down at $50.66 with a loss of -0.41% for the day. The stock had closed at $50.87 on the previous day. The total traded volume was 5,375,770 shares.
Also, Major Brokerage house, CLSA upgrades its ratings on Reynolds American Inc (NYSE:RAI). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 8, 2016.
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.