Rex American Resources Corp. COO Sells $1,125,000 in Stock (REX)
Rex American Resources Corp. (NYSE:REX) COO Zafar A. Rizvi sold 15,000 shares of the stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the chief operating officer now directly owns 90,860 shares in the company, valued at approximately $6,814,500. The transaction 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 down 0.25% on Tuesday, hitting $74.76. The stock had a trading volume of 27,974 shares. Rex American Resources Corp. has a one year low of $26.70 and a one year 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 released its earnings data 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. 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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