Insider Selling: Lawrence Tomchin Sells 12,626 Shares of Rex American Resources Corp. 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 stock was sold at an average price of $94.10, for a total value of $1,188,106.60. Following the completion of the transaction, the director now directly owns 163,354 shares of the company’s stock, valued at approximately $15,371,611. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rex American Resources Corp. (NYSE:REX) opened at 99.94 on Wednesday. Rex American Resources Corp. has a 52 week low of $26.70 and a 52 week high of $100.65. The stock’s 50-day moving average is $86.02 and its 200-day moving average is $65.83. The company has a market cap of $817.7 million and a price-to-earnings ratio of 15.30.
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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