Reliance Inc’s recently made public that its President, CEO Lewis Karla R unloaded Company’s shares for reported $1.26 million on Dec 02 ’24. In the deal valued at $323.90 per share,3,892 shares were sold. As a result of this transaction, Lewis Karla R now holds 85,117 shares worth roughly $23.84 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Lewis Karla R bought 3,892 shares, generating $1,260,613 in total proceeds.
Before that, Smith William A II sold 6,500 shares. Reliance Inc shares valued at $2,091,115 were divested by the SVP, General Counsel, Corp Sec at a price of $321.71 per share. As a result of the transaction, Smith William A II now holds 16,849 shares, worth roughly $4.72 million.
Goldman initiated its Reliance Inc [RS] rating to a Neutral in a research note published on December 02, 2024; the price target was $341. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late July from “a Peer perform” to “an Underperform”. Citigroup also remained covering RS and has decreased its forecast on April 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on April 28, 2023. It rated RS as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of RS
On Tuesday, Reliance Inc [NYSE:RS] saw its stock fall -2.69% to $280.07. Over the last five days, the stock has lost -8.74%. Reliance Inc shares have risen nearly 0.14% since the year began. Nevertheless, the stocks have risen 3.53% over the past one year. While a 52-week high of $342.20 was reached on 04/08/24, a 52-week low of $264.99 was recorded on 09/11/24. SMA at 50 days reached $302.85, while 200 days put it at $298.63.
Levels Of Support And Resistance For RS Stock
The 24-hour chart illustrates a support level at 276.51, which if violated will result in even more drops to 272.94. On the upside, there is a resistance level at 284.64. A further resistance level may holdings at 289.22. The Relative Strength Index (RSI) on the 14-day chart is 26.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.72%. Stochastics %K at 2.71% 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 2024-11-29, growing by 63016.0 shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.18 million shares. There was a rise of 5.09%, which implies that there is a positive sentiment for the stock.
