Insider Buying: Ryerson CFO Purchases 10,000 Shares of Stock (RYI)
Ryerson (NYSE:RYI) CFO Edward J. Lehner purchased 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $110,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $110,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ryerson (NYSE:RYI) remained flat at $10.35 during during mid-day trading trading on Friday. The stock had a trading volume of 103,190 shares. Ryerson has a 52 week low of $10.01 and a 52 week high of $10.64. The stock’s 50-day moving average is $10.35 and its 200-day moving average is $10.35.
Ryerson (NYSE:RYI) last announced its earnings results on Thursday, August 14th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $931.50 million for the quarter, compared to the consensus estimate of $874.40 million.
Ryerson Holding Corporation (NYSE:RYI) is a processors and distributors of metals in North America with global operations in North America, China and Brazil.
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