Rayonier Advanced Materials Inc. (RYAM) stock fell 11.31 percent to $9.06, losing $1.15 on Monday, following the abrupt resignation of its President and CEO, and the announcement of a formal strategic review process.
The stock is currently trading at $9.06, compared to its previous close of $10.21 on the New York Stock Exchange. During the session, the stock hit a high of $10.01 and a low of $8.15, with trading volume surging to 3,769,176 shares, more than triple its average daily volume of 1,021,957.
The drop comes right after CEO Scott M. Sutton stepped down, leading to the formation of an interim Office of the CEO. The company did mention receiving some unsolicited interest and has brought on Morgan Stanley to check out "strategic alternatives".
Rayonier Advanced Materials' stock has fluctuated between $3.35 and $11.85 in the past year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.