In a filing, Reliance Inc. revealed its Exec. VP, COO Koch Stephen Paul unloaded Company’s shares for reported $6.03 million on May 31 ’24. In the deal valued at $295.38 per share,20,421 shares were sold. As a result of this transaction, Koch Stephen Paul now holds 7,552 shares worth roughly $2.13 million.
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Then, HOFFMAN JAMES DONALD sold 5,000 shares, generating $1,471,797 in total proceeds. Upon selling the shares at $294.36, the Director now owns 34,042 shares.
Before that, HOFFMAN JAMES DONALD sold 5,000 shares. Reliance Inc. shares valued at $1,463,827 were divested by the Director at a price of $292.77 per share. As a result of the transaction, HOFFMAN JAMES DONALD now holds 39,042 shares, worth roughly $11.03 million.
Wolfe Research downgraded its Reliance Inc. [RS] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. Wolfe Research also remained covering RS and has decreased its forecast on April 28, 2023 with a “Peer perform” recommendation from previously “an Outperform” rating.
Price Performance Review of RS
On Tuesday, Reliance Inc. [NYSE:RS] saw its stock jump 1.33% to $282.53. Over the last five days, the stock has lost -1.60%. Reliance Inc. shares have risen nearly 1.02% since the year began. Nevertheless, the stocks have risen 0.14% over the past one year. While a 52-week high of $342.20 was reached on 04/08/24, a 52-week low of $237.14 was recorded on 01/05/24. SMA at 50 days reached $289.35, while 200 days put it at $293.68.
Levels Of Support And Resistance For RS Stock
The 24-hour chart illustrates a support level at 279.67, which if violated will result in even more drops to 276.82. On the upside, there is a resistance level at 284.37. A further resistance level may holdings at 286.22. The Relative Strength Index (RSI) on the 14-day chart is 41.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.78%. Stochastics%K at 16.30% indicates the stock is a buying.
How much short interest is there in Reliance Inc.?
A steep rise in short interest was recorded in Reliance Inc. stocks on
