Reynolds American Inc (RAI) has risen sharply, recording gains of 4.7% in the past 4 weeks. However, the stock has corrected -1.04% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 3.24%.
Reynolds American Inc (NYSE:RAI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.55 and $52.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.58, notching a gain of 0.40% for the day. The total traded volume was 3,229,583 . The stock had closed at $52.37 on the previous day.
The company Insiders own 0.11% of Reynolds American Inc shares according to the proxy statements. Institutional Investors own 47.79% of Reynolds American Inc shares. During last six month period, the net percent change held by insiders has seen a change of -37.78%. In a related news,The director officer (President and CEO) of Reynolds American Inc, Cameron Susan M. sold 105,766 shares at $49.88 on May 9, 2016. The Insider selling transaction had a total value worth of $5,275,608. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.