Rex American Resources Corp. Director Sells $1,188,107 in Stock (REX)
Rex American Resources Corp. (NYSE:REX) Director Lawrence Tomchin sold 12,626 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $94.10, for a total transaction of $1,188,106.60. Following the completion of the transaction, the director now directly owns 163,354 shares in the company, valued at approximately $15,371,611. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Rex American Resources Corp. (NYSE:REX) traded up 4.14% during mid-day trading on Monday, hitting $98.1304. 105,082 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 $84.83 and a 200-day moving average of $64.86. The company has a market cap of $802.9 million and a price-to-earnings ratio of 14.43.
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 $8.51 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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