Rayonier (RYN) : Traders are bullish on Rayonier (RYN) as it has outperformed the S&P 500 by a wide margin of 3.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.1% in the last 1 week, and is up 3.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.38% and the 50-Day Moving Average is 4.12%.The 200 Day SMA reached 16.8%. Rayonier Inc. is up 8.15% in the last 3-month period. Year-to-Date the stock performance stands at 28.32%.
Rayonier (NYSE:RYN): After opening at $27.85, the stock dipped to an intraday low of $27.78 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.16 and the buying power remained strong till the end. The stock closed at $27.9 for the day, a gain of 0.94% for the day session. The total traded volume was 405,448. The stocks close on the previous trading day was $27.64.
Rayonier Inc. (Rayonier) is a timberland real estate investment trust (REIT). As of December 31, 2014, the Company owned, leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres), United States Pacific Northwest (372,000 acres) and New Zealand (451,000 gross acres, or 309,000 net plantable acres). In addition, the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets, primarily to support New Zealand export operations. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Companys Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Companys Real Estate segments holdings are primarily in the southeastern United States. The Companys Trading segment consists of log trading activities in New Zealand and Australia.