Insider Selling: Rex American Resources Corp. CFO Sells 1,600 Shares of Stock (REX)
Rex American Resources Corp. (NYSE:REX) CFO Douglas Bruggeman sold 1,600 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $75.05, for a total value of $120,080.00. Following the transaction, the chief financial officer now directly owns 38,700 shares in the company, valued at approximately $2,904,435. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Rex American Resources Corp. (NYSE:REX) traded down 0.25% on Tuesday, hitting $74.76. The stock had a trading volume of 27,974 shares. Rex American Resources Corp. has a 52-week low of $26.70 and a 52-week high of $75.46. The stock’s 50-day moving average is $64.7 and its 200-day moving average is $50.83. The company has a market cap of $611.2 million and a P/E ratio of 11.48.
Rex American Resources Corp. (NYSE:REX) last posted its quarterly 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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