RS - Insider Selling: James Donald Hoffman Unloads $1.45M Of Reliance Stock | Benzinga
A substantial insider sell was reported on May 2, by James Donald Hoffman, Board Member at Reliance (NYSE:RS), based on the recent SEC filing.
What Happened: Hoffman opted to sell 5,000 shares of Reliance, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $1,449,066.
Monitoring the market, Reliance's shares down by 0.0% at $290.72 during Friday's morning.
Delving into Reliance's Background
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
Reliance: Delving into Financials
Positive Revenue Trend: Examining Reliance's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.21% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
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Gross Margin: The company maintains a high gross margin of 30.95%, indicating strong cost management and profitability compared to its peers.
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Earnings per Share ...