Insider Selling: Douglas Bruggeman Sells 1,000 Shares of Rex American Resources Corp. Stock (REX)
Rex American Resources Corp. (NYSE:REX) CFO Douglas Bruggeman sold 1,000 shares of Rex American Resources Corp. stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $73.73, for a total transaction of $73,730.00. Following the completion of the sale, the chief financial officer now directly owns 42,587 shares in the company, valued at approximately $3,139,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rex American Resources Corp. (NYSE:REX) traded up 0.31% during mid-day trading on Thursday, hitting $73.848. 68,188 shares of the company’s stock traded hands. Rex American Resources Corp. has a 52 week low of $26.70 and a 52 week high of $74.30. The stock’s 50-day moving average is $63.75 and its 200-day moving average is $49.8. The company has a market cap of $603.7 million and a P/E ratio of 11.27.
Rex American Resources Corp. (NYSE:REX) last announced its earnings results on Wednesday, May 28th. The company reported $2.67 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.40 earnings per share. On average, analysts predict that Rex American Resources Corp. will post $7.66 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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