Rex American Resources Corp. CEO Unloads $1,809,750 in Stock (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose sold 25,000 shares of Rex American Resources Corp. stock on the open market in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $72.39, for a total value of $1,809,750.00. Following the sale, the chief executive officer now directly owns 1,076,758 shares of the company’s stock, valued at approximately $77,946,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Rex American Resources Corp. (NYSE:REX) traded up 0.30% during mid-day trading on Thursday, hitting $73.84. 68,398 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 $603.6 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 for the quarter, beating the analysts’ 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 last 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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