Rayonier Advanced Materials Shares Jump 21% On CEO Appointment

Core Viewpoint - Rayonier Advanced Materials Inc. (RYAM) shares experienced a significant increase of 21.93 percent following the announcement of Scott Sutton as the new Chief Executive Officer and President, effective January 5 [1]. Group 1: Stock Performance - The stock opened at $6.12, up from a previous close of $5.86, and traded within a range of $6.08 to $7.14 during the session [2]. - Rayonier Advanced Materials shares were last trading at $7.05, with a trading volume of approximately 1.34 million shares, which is more than double its average daily volume of around 583,370 shares [3]. Group 2: Leadership Change - Scott Sutton will succeed DeLyle Bloomquist, who is retiring but will remain as an advisor to ensure leadership continuity and support ongoing strategic initiatives [1]. - Sutton brings over 30 years of industry experience to the role, having previously served as Chief Executive Officer and President of Olin Corp [3]. Group 3: Historical Stock Data - Rayonier Advanced Materials shares have fluctuated within a 52-week range of $3.35 to $8.56 [3].