Benzinga | Sep 22, 2021 03:18PM EDT

Why Raymond James Financial's Stock Is Trading Lower Today

Raymond James Financial, Inc. (NYSE:RJF) shares are trading lower after Morgan Stanley maintained an Overweight rating and lowered its price target on the stock from $100 to $66.67.

Raymond James Financial is currently down 32.33% to a price of $87.19. Wednesday the stock has been traded at a volume of 688.57 thousand, about 101.57% of its recent 30-day volume average of 677.92 thousand.

The 50-day moving average price of Raymond James Financial's stock was $134.27 when this article was published. The stock reached a high of $143.14 and a low of $67.66 in the past 52 weeks.

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