Insider Selling: Stuart A. Rose Unloads 18,000 Shares of Rex American Resources Corp. Stock (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose sold 18,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $93.33, for a total transaction of $1,679,940.00. Following the completion of the sale, the chief executive officer now directly owns 728,758 shares of the company’s stock, valued at approximately $68,014,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Rex American Resources Corp. (NYSE:REX) traded down 0.47% during mid-day trading on Thursday, hitting $95.53. 166,101 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 $96.20. The stock’s 50-day moving average is $83.63 and its 200-day moving average is $64.26. The company has a market cap of $781.6 million and a price-to-earnings ratio of 14.70.
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. Analysts expect that Rex American Resources Corp. will post $9.40 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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