Insider Selling: Stuart A. Rose Unloads 36,000 Shares of Rex American Resources Corp. Stock (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose unloaded 36,000 shares of Rex American Resources Corp. stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $95.07, for a total value of $3,422,520.00. Following the transaction, the chief executive officer now directly owns 692,758 shares of the company’s stock, valued at approximately $65,860,503. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Rex American Resources Corp. (NYSE:REX) traded down 0.06% during mid-day trading on Friday, hitting $93.92. 146,746 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 $97.41. The stock has a 50-day moving average of $84.2 and a 200-day moving average of $64.4. The company has a market cap of $768.5 million and a price-to-earnings ratio of 14.39.
Rex American Resources Corp. (NYSE:REX) last issued its quarterly earnings data 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. On average, analysts predict that Rex American Resources Corp. will post $8.51 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.
Receive News & Ratings for Rex American Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex American Resources Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.