Dayton, OH – In a recent transaction on April 8, 2024, Stuart A. Rose, the Executive Chairman of the Board (COB) of REX American Resources (NASDAQ:AREC) Corp (NYSE:REX), sold 4,943 shares of the company's common stock, resulting in a total sale value of more than $289,530.
The shares were sold at a weighted average price of $58.5739, with individual transactions occurring at prices ranging from $58.50 to $58.65. Following the sale, Rose's ownership in the company stands at 1,487,362 shares of common stock.
REX American Resources Corp, based in Dayton, Ohio, operates within the industrial organic chemicals sector. The company has been a part of the industry under various names, including REX Stores Corp and Audio Video Affiliates Inc.
Investors and the market often monitor the buying and selling activities of company insiders like Rose for insights into a company's performance and stock value. The details of the sale were disclosed in a regulatory filing with the Securities and Exchange Commission.
For those interested in the specifics of the transaction, the company and the SEC can provide full information regarding the number of shares sold at each separate price within the stated range upon request.
The stock transaction comes as part of the regular financial activities within the company, and it reflects the ongoing adjustments in the holdings of company executives. REX American Resources continues to focus on its core business activities within the industrial sector.
The legal representative who signed off on the transaction was Edward M. Kress, acting as Attorney in Fact for Stuart A. Rose.
InvestingPro Insights
As REX American Resources Corp (NYSE:REX) navigates the industrial organic chemicals sector, investors are closely analyzing the company's financial health and market performance. Recent data from InvestingPro provides a snapshot of the company's current valuation and performance metrics.
InvestingPro Data indicates a Market Cap of 1020M USD, reflecting the company's size and market value. The P/E Ratio stands at 16.89, suggesting that REX's shares are trading at a multiple of its earnings. Moreover, the company's Price / Book ratio, as of the last twelve months ending Q4 2024, is 1.99, which provides insight into how the market values the company's net assets.
An InvestingPro Tip highlights that REX holds more cash than debt on its balance sheet, which may provide the company with financial flexibility to pursue growth opportunities or weather economic downturns. Additionally, the stock's Relative Strength Index (RSI) suggests it is in overbought territory, a technical indicator that could imply a potential reversion in the stock price in the near term. This information may be particularly relevant for traders and investors considering the timing of their investments in REX.
For those looking to delve deeper, InvestingPro offers a wealth of additional tips, including insights on the company's earnings growth, gross profit margins, and profitability predictions for the year. In fact, there are 13 more InvestingPro Tips available for REX, which can be accessed through the company's dedicated InvestingPro page.
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