Rex American Resources Corp. CEO Stuart A. Rose Sells 40,000 Shares (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose sold 40,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $70.10, for a total transaction of $2,804,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,136,758 shares in the company, valued at approximately $79,686,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Rex American Resources Corp. (NYSE:REX) traded up 0.07% on Tuesday, hitting $72.29. 67,801 shares of the company’s stock traded hands. Rex American Resources Corp. has a 1-year low of $26.70 and a 1-year high of $73.33. The stock has a 50-day moving average of $62.93 and a 200-day moving average of $49.35. The company has a market cap of $591.0 million and a price-to-earnings ratio of 11.06.
Rex American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $2.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.50 by $0.17. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $178.42 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts expect that Rex American Resources Corp. will post $7.66 EPS 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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