RS Stock Summary and Trading Ideas (Reliance | NYSE:RS)

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 January 31, 2025, RS stock price declined to $289.50 with 443,698 million shares trading.

RS has a beta of 0.89, meaning it tends to be less sensitive to market movements. RS has a correlation of 0.17 to the broad based SPY ETF.

RS has a market cap of $15.67 billion. This is considered a Large Cap stock.

Last quarter Reliance reported $3 billion in Revenue and $3.64 earnings per share. This beat revenue expectation by $40 million and missed earnings estimates by -$.02.

In the last 3 years, RS traded as high as $342.20 and as low as $153.04.

The top ETF exchange traded funds that RS belongs to (by Net Assets): IJH, VTI, VB, RDVY, VBR.

RS has underperformed the market in the last year with a price return of +3.0% while the SPY ETF gained +26.1%. RS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.5% and +0.5%, respectively, while the SPY returned +6.2% and +0.7%, respectively.

RS support price is $292.10 and resistance is $300.98 (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 shares will trade within this expected range on the day.