Rex American Resources Corp (REX) Files Form 4 Insider Selling : Lawrence Tomchin Sells 2,000 Shares

Rex American Resources Corp (REX): Lawrence Tomchin , director of Rex American Resources Corp sold 2,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $60.00 per share for a total value of $120,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Lawrence Tomchin (director) sold 425 shares at $56.00 per share price.

REX American Resources Corp: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in REX American Resources Corp which led to swings in the share price. The shares opened for trading at $57.19 and hit $59.31 on the upside , eventually ending the session at $58.43, with a gain of 3.32% or 1.88 points. The heightened volatility saw the trading volume jump to 91,119 shares. The 52-week high of the share price is $66.17 and the company has a market cap of $383 M . The 52-week low of the share price is at $43.5.

REX American Resources Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.REX American Resources Corp is Reiterated by Singular Research to Buy while Lowering the Price Target of the company shares to $ 60 from a previous price target of $67.50 . The Rating was issued on Apr 4, 2016.

Rex American Resources Corporation (REX) is a holding company to succeed to the entire ownership of three affiliated companies Rex Radio and Television Inc. Stereo Town Inc. and Kelly & Cohen Appliances Inc. As of January 31 2015 the Company invested in four ethanol production entities two of which the Company has a majority ownership interest. The Company’s ethanol investments include One Earth Energy LLC NuGen Energy LLC Patriot Holdings LLC Big River Resources W Burlington LLC Big River Resources Galva LLC Big River United Energy LLC and Big River Resources Boyceville LLC. The Company owns around 74% of the outstanding membership units of One Earth Energy LLC around 99% of NuGen Energy LLC around 27% of Patriot Holdings LLC and around 10% of Big River Resources LLC.

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REX American Resources Corp - Is it time to Sell?

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