REX American Resources Co. (NYSE:REX) shares saw unusually-high trading volume on Friday . Approximately 1,443 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 21,794 shares.The stock last traded at $99.35 and had previously closed at $97.14.
Several research firms recently weighed in on REX. TheStreet upgraded shares of REX American Resources from a “c” rating to a “b-” rating in a research report on Wednesday, May 26th. Zacks Investment Research cut REX American Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th.
The business’s fifty day simple moving average is $85.02. The stock has a market cap of $592.91 million, a P/E ratio of 179.89 and a beta of 1.11.
In other REX American Resources news, CFO Douglas Bruggeman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The shares were sold at an average price of $97.12, for a total value of $97,120.00. Following the transaction, the chief financial officer now directly owns 27,070 shares of the company’s stock, valued at approximately $2,629,038.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.20% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of REX. BlackRock Inc. lifted its position in REX American Resources by 9.9% during the first quarter. BlackRock Inc. now owns 949,630 shares of the energy company’s stock worth $79,930,000 after buying an additional 85,354 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in shares of REX American Resources during the 4th quarter worth $3,254,000. Victory Capital Management Inc. boosted its position in shares of REX American Resources by 48.2% during the 1st quarter. Victory Capital Management Inc. now owns 27,034 shares of the energy company’s stock valued at $2,276,000 after acquiring an additional 8,792 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of REX American Resources by 107.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,012 shares of the energy company’s stock valued at $1,348,000 after purchasing an additional 8,286 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of REX American Resources in the fourth quarter valued at about $528,000. 82.25% of the stock is owned by hedge funds and other institutional investors.
About REX American Resources (NYSE:REX)
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. It operates in two segments, Ethanol and By-Products, and Refined Coal. The company also offers distillers grains and non-food grade corn oil; and dry distillers grains with solubles, which is used as a protein in animal feed.
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