RS - Director Of Reliance Steel & Aluminum Makes $2.84M Sale | Benzinga
Revealing a significant insider sell on December 5, James Donald Hoffman, Director at Reliance Steel & Aluminum (NYSE:RS), as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Hoffman sold 10,183 shares of Reliance Steel & Aluminum. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $2,839,630.
Reliance Steel & Aluminum shares are trading down 0.0% at $269.67 at the time of this writing on Wednesday morning.
Get to Know Reliance Steel & Aluminum Better
Reliance Steel & Aluminum Co is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
Key Indicators: Reliance Steel & Aluminum's Financial Health
Decline in Revenue: Over the 3 months period, Reliance Steel & Aluminum faced challenges, resulting in a decline of approximately -14.7% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. When compared ...