Reliance Steel & Aluminum Co (RS) Files Form 4 Insider Selling : Andrew G Iii Sharkey Sells 3,000 Shares

Reliance Steel & Aluminum Co (RS): Andrew G Iii Sharkey , director of Reliance Steel & Aluminum Co sold 3,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $77.75 per share for a total value of $233,250.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Robert Ambrose Mcevoy (director) sold 12,193 shares at $74.81 per share price.On May 27, 2016, Michael Patrick Shanley (Sr. VP, Operations) sold 5,500 shares at $73.86 per share price.Also, On May 27, 2016, Douglas M Hayes (director) sold 5,000 shares at $73.78 per share price.On May 27, 2016, David H Hannah (Executive Chairman) sold 30,000 shares at $73.81 per share price.

Shares of Reliance Steel & Aluminum Co (RS) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -1.26 points or -1.63% at $76.22 with 4,92,217 shares getting traded. Post opening the session at $76.66, the shares hit an intraday low of $75.82 and an intraday high of $76.84 and the price vacillated in this range throughout the day. The company has a market cap of $5,513 M and the number of outstanding shares has been calculated to be 7,23,32,193 shares. The 52-week high of Reliance Steel & Aluminum Co is $78.3 and the 52-week low is $50.08.

Reliance Steel & Aluminum Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Reliance Steel & Aluminum Co is Upgraded by Rosenblatt to Neutral and the brokerage firm has set the Price Target at $69. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Apr 28, 2016.Reliance Steel & Aluminum Co is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 78 from a previous price target of $70 .The Rating was issued on Apr 25, 2016.Reliance Steel & Aluminum Co is Downgraded by Credit Agricole to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.Reliance Steel & Aluminum Co is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 19, 2016.Reliance Steel & Aluminum Co is Downgraded by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $70. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 23, 2016.

Reliance Steel & Aluminum Co. is a metals service center company in North America. The Company provides a variety of processing services and delivers products to fabricators manufacturers and other end users. It has a network of more than 300 locations in 39 states in the United States and in 12 other countries including Australia Belgium Canada China France Malaysia Mexico Singapore South Korea Turkey the United Arab Emirates and the United Kingdom. It provides metals processing services and distributes a line of more than 100000 metal products including alloy aluminum brass copper carbon steel stainless steel titanium and specialty steel products. It also provides toll processing of aluminum carbon steel and stainless steel miscellaneous including brass copper and titanium and offers processing services which range from cutting leveling or sawing to complete processes such as machining or electropolishing.

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