Rex American Resources Corp. COO Zafar A. Rizvi Sells 8,633 Shares (REX)
Rex American Resources Corp. (NYSE:REX) COO Zafar A. Rizvi unloaded 8,633 shares of the stock on the open market in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $60.58, for a total value of $522,987.14. Following the transaction, the chief operating officer now directly owns 106,660 shares of the company’s stock, valued at approximately $6,461,463. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Sidoti upgraded shares of Rex American Resources Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th.
Shares of Rex American Resources Corp. (NYSE:REX) traded up 3.71% during mid-day trading on Friday, hitting $62.39. 175,349 shares of the company’s stock traded hands. Rex American Resources Corp. has a 1-year low of $17.12 and a 1-year high of $63.39. The stock has a 50-day moving average of $54.73 and a 200-day moving average of $41.63. The company has a market cap of $506.6 million and a P/E ratio of 14.02.
Rex American Resources Corp. (NYSE:REX) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.24. The company had revenue of $146.09 billion for the quarter, compared to the consensus estimate of $174.35 billion. On average, analysts predict that Rex American Resources Corp. will post $8.94 earnings per share for the current fiscal year.
Rex American Resources Corporation (NYSE:REX) is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc, Stereo Town, Inc and Kelly & Cohen Appliances, Inc As of January 31, 2012, the Company had lease agreements, as landlord, for six owned former retail stores and had 16 vacant former retail properties.
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