In a filing, Reliance Inc revealed 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 $ 25.34 million.
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 $5.02 million.
Wolfe Research upgraded its Reliance Inc [RS] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering RS and has decreased its forecast on July 26, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Citigroup revised its rating on April 11, 2024. It rated RS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RS
On Friday, Reliance Inc [NYSE:RS] saw its stock jump 2.21% to $297.69. Over the last five days, the stock has gained 5.18%. Reliance Inc shares have risen nearly 10.56% since the year began. Nevertheless, the stocks have risen 2.98% over the past one year. While a 52-week high of $342.20 was reached on 02/14/25, a 52-week low of $256.98 was recorded on 01/03/25. SMA at 50 days reached $285.11, while 200 days put it at $290.13.
Levels Of Support And Resistance For RS Stock
The 24-hour chart illustrates a support level at 293.75, which if violated will result in even more drops to 289.80. On the upside, there is a resistance level at 300.31. A further resistance level may holdings at 302.93. The Relative Strength Index (RSI) on the 14-day chart is 60.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.65%. Stochastics %K at 65.15% indicates the stock is a holding.
How much short interest is there in Reliance Inc?
A steep rise in short interest was recorded in Reliance Inc stocks on 2025-01-31, growing by 0.26 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.2 million shares. There was a rise of 17.95%, which implies that there is a positive sentiment for the stock.
