The CEO and other insiders bought at $17 in February or so. Why don't they buy now? That would make the stock go up.
What are you talking about ? It fell -5.35% today.
It is incredible
Why the sell-off?
I think Rayonier filed in Georgia and asked the court to make an expedited decision within a month but there is no guarantee it will happen
May 15, 2015 PALUMBO LISA M Director 5,710 Direct Acquisition (Non Open Market) at $0 per share. Feb 5, 2015 POSZE JAMES L JR Officer 5,000 Direct Purchase at $17.15 per share. 85,750
Feb 5, 2015 PALUMBO LISA M Director 4,000 Direct Purchase at $16.85 per share. 67,400
Jan 30, 2015 BOYNTON PAUL G Officer10,000 Direct Purchase at $17.11 per share. 171,100
Jan 29, 2015 RUPERTO FRANK A Officer 6,000 Direct Purchase at $17.41 per share. 104,46
That is just HFT trading back and forth making pennies. Doesn't mean anything these days as you really can't know what is going on.
I wonder how much of entire down market affects RYAM.
THEN THIS JUMPS ANOTHER 10% ON mONDAY,
with the small volume purchases, I doubt any fund is buying.
As you know with all lawsuits, it is a flip of the coin. big hedge funds have lawyers but they are dumping. so, they are seeing something you are not as they are not buying in.
People are chasing it now and all the forced margin calls are out. The three pumpers (actually 1 person) completed his job the last 2 days to wipe people out. now that he is gone, it will go up.
Do you know they were pumping all you guys while they were shorting? Now that they are gone and they wiped out all the margined players, the stock goes up.
Is it a coincidence that all three IDs disappear and appear at the same time? because it is all the same person.
If Eastman revenue was 31% of 2014 for RYAM, why did the stock fall 55%?
And, RYAM said this has no affect on 2015, but for 2016 -2018.
what is the probability of who wins and when? Eastman filled in Tennessee and Royanair filed in Georgia and asked a court expedition within 1 month.
Eastman can go anywhere else now and will get a better price. That is why they want to break away. This only benefits Eastman. They wouldn't be doing this if commodity prices have dropped so dramatically.
So, I doubt this will be settled out of court.