Rayonier Advanced Materials Shares Fall 5% After Fire At Jesup Facility

(RTTNews) - Rayonier Advanced Materials Inc. (RYAM) shares fell 5.27 percent, down $0.56 to $10.06 on Monday, after the company confirmed an isolated fire at its Jesup, Jesup facility during a scheduled annual maintenance outage.

The stock is currently trading at $10.06, below its previous close of $10.62, after opening at $10.56. Shares traded in a range of $9.95 to $10.66 during the session, with volume at 346,914 shares, below the average daily volume of 1.06 million.

Rayonier Advanced Materials' 52-week range is $3.35 to $11.85. The company said the fire was quickly contained with help from local first responders, no injuries were reported, and one production line remains offline while repairs and a root cause investigation continue.