28-Mar-2024
Oppenheimer: S&P 500 top might not come until 2025; spotlights infrastructure stocks
Seeking Alpha News (Mon, 25-Mar 11:19 AM ET)
Globe Newswire (Tue, 20-Feb 6:50 AM ET)
Globe Newswire (Thu, 15-Feb 6:50 AM ET)
Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.
Globe Newswire (Wed, 14-Feb 6:50 AM ET)
Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co., Inc.
Globe Newswire (Fri, 2-Feb 6:50 AM ET)
Globe Newswire (Thu, 1-Feb 6:50 AM ET)
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
Reliance trades on the NYSE stock market under the symbol RS.
As of March 28, 2024, RS stock price declined to $334.18 with 203,414 million shares trading.
RS has a beta of 0.88, meaning it tends to be less sensitive to market movements. RS has a correlation of 0.25 to the broad based SPY ETF.
RS has a market cap of $19.41 billion. This is considered a Large Cap stock.
Last quarter Reliance reported $3 billion in Revenue and $4.73 earnings per share. This beat revenue expectation by $37 million and exceeded earnings estimates by $.81.
In the last 3 years, RS stock traded as high as $337.11 and as low as $135.46.
The top ETF exchange traded funds that RS belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
RS stock has underperformed the market in the last year with a return of +32.0%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RS shares. However, RS has outperformed the market in the last 3 month and 2 week periods, returning +18.5% and +3.1%, while SPY returned +10.1% and +1.7%, respectively. This indicates RS has been having a stronger performance recently.
RS support price is $332.93 and resistance is $340.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RS stock will trade within this expected range on the day.