Rex American Resources Corp. CEO Sells $1,396,800 in Stock (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose unloaded 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.60, for a total value of $1,396,800.00. Following the sale, the chief executive officer now directly owns 1,043,758 shares of the company’s stock, valued at approximately $80,995,621. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Rex American Resources Corp. (NYSE:REX) traded down 1.79% during mid-day trading on Thursday, hitting $76.26. 51,748 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 $78.40. The stock has a 50-day moving average of $66.86 and a 200-day moving average of $52.97. The company has a market cap of $624.0 million and a P/E ratio of 11.89.
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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