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 on the open market in a transaction dated Wednesday, August 13th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Rex American Resources Corp. (NYSE:REX) traded up 0.27% on Friday, hitting $94.23. The stock had a trading volume of 186,729 shares. Rex American Resources Corp. has a 1-year low of $26.70 and a 1-year high of $97.41. The stock’s 50-day moving average is $84.83 and its 200-day moving average is $64.86. The company has a market cap of $771.0 million and a P/E 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 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. 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.
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