Reliance Steel & Aluminum Co. (RS) Shares are Down -3.84%

Reliance Steel & Aluminum Co. (RS) : During the past 4 weeks, traders have been relatively bearish on Reliance Steel & Aluminum Co. (RS), hence the stock is down -13.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.89% relative to the S&P 500. The 4-week change in the price of the stock is -12.31% and the stock has fallen -3.84% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.31% and the 50-Day Moving Average is 4.66%. Reliance Steel & Aluminum Co. (NYSE:RS): On Fridays trading session , Opening price of the stock was $75.39 with an intraday high of $75.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.3. However, the stock managed to close at $73.4, a loss of 2.74% for the day. On the previous day, the stock had closed at $75.47. The total traded volume of the day was 552,335 shares.


The company Insiders own 3.73% of Reliance Steel & Aluminum Co. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.35% . Institutional Investors own 82.4% of Reliance Steel & Aluminum Co. shares. During last six month period, the net percent change held by insiders has seen a change of -46.85%. Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on Reliance Steel & Aluminum Co. (NYSE:RS). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on July 28, 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 100,000 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.