Rex American Resources Corp. CEO Sells $582,660 in Stock (REX)
Rex American Resources Corp. (NYSE:REX) CEO Stuart A. Rose sold 6,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $97.11, for a total value of $582,660.00. Following the sale, the chief executive officer now directly owns 686,758 shares of the company’s stock, valued at approximately $66,691,069. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 has a 50-day moving average of $86.02 and a 200-day moving average of $65.83. The company has a market cap of $817.7 million and a P/E 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. 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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