In a filing, Reliance Inc revealed its President, CEO Lewis Karla R unloaded Company’s shares for reported $9.36 million on Feb 24 ’25. In the deal valued at $300.52 per share,31,136 shares were sold. As a result of this transaction, Lewis Karla R now holds 90,230 shares worth roughly $25.38 million.
Then, Lewis Karla R bought 31,136 shares, generating $9,357,159 in total proceeds.
Before that, Lewis Karla R sold 3,892 shares. Reliance Inc shares valued at $1,260,604 were divested by the President, CEO at a price of $323.90 per share. As a result of the transaction, Lewis Karla R now holds 85,117 shares, worth roughly $23.94 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 Tuesday, Reliance Inc [NYSE:RS] saw its stock fall -2.70% to $281.23. Over the last five days, the stock has lost -5.00%. Reliance Inc shares have risen nearly 4.45% since the year began. Nevertheless, the stocks have fallen -12.45% over the past one year. While a 52-week high of $342.20 was reached on 02/20/25, a 52-week low of $256.98 was recorded on 01/03/25. SMA at 50 days reached $283.63, while 200 days put it at $290.35.
Levels Of Support And Resistance For RS Stock
The 24-hour chart illustrates a support level at 277.39, which if violated will result in even more drops to 273.56. On the upside, there is a resistance level at 286.03. A further resistance level may holdings at 290.84. The Relative Strength Index (RSI) on the 14-day chart is 40.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.20%. Stochastics %K at 23.68% indicates the stock is a holding.
