Yesterday, the CEO of Rayonier (RYN), David Nunes, sold shares of RYN for $228.8K.
Following David Nunes’ last RYN Sell transaction on June 15, 2020, the stock climbed by 7.1%. This is Nunes’ first Sell trade following 5 Buy transactions.
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Based on Rayonier’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $199 million and GAAP net loss of -$758,000. In comparison, last year the company earned revenue of $156 million and had a GAAP net loss of $433K. The company has a one-year high of $33.10 and a one-year low of $15.96. Currently, Rayonier has an average volume of 765.10K.
The insider sentiment on Rayonier has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Rayonier, Inc. is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography. The Real Estate segment reflects all U.S. land sales, which are reported in the following sales categories: Improved Development, Unimproved Development, Rural, Non-Strategic and Timberlands, and Large Dispositions. The Trading segment reflects the log trading activities that support New Zealand operations. The company was founded in 1926 and is headquartered in Wildlight, FL.
