Rayonier Advanced Materials (RYAM) has been under a strong bear grip, hence the stock is down -0.03% 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 0.9% in the past 1 week. The stock has risen by 1.41% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.16% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 8.28%.The 200 Day SMA reached 13.54%. Rayonier Advanced Materials Inc. has dropped 10.42% during the last 3-month period . Year-to-Date the stock performance stands at 26.63%.
Rayonier Advanced Materials (NYSE:RYAM): After opening at $12.02, the stock dipped to an intraday low of $11.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.27 and the buying power remained strong till the end. The stock closed at $12.23 for the day, a gain of 2.51% for the day session. The total traded volume was 533,653. The stocks close on the previous trading day was $11.93.
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.