Why Rayonier Advanced Materials Stock Jumped 11% at the Open Today

Reuben Gregg Brewer, The Motley Fool
·2-min read
Why Rayonier Advanced Materials Stock Jumped 11% at the Open Today
Why Rayonier Advanced Materials Stock Jumped 11% at the Open Today

Shares of Rayonier Advanced Materials (NYSE: RYAM), which makes high-purity cellulose specialty products, rose an impressive 11.7% in the first half hour of trading on Oct. 20. RBC Capital Markets upped Rayonier from sector perform, which is basically a hold rating, to outperform. For example, when it reported second-quarter earnings in August, Rayonier lost $0.20 per share.