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 6, 2025, RS stock price climbed to $271.34 with 432,141 million shares trading.

RS has a beta of 0.84, meaning it tends to be less sensitive to market movements. RS has a correlation of 0.15 to the broad based SPY ETF.

RS has a market cap of $14.68 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 $145.79.

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

RS has underperformed the market in the last year with a return of -1.2%, while the SPY ETF gained +28.7%. In the last 3 month period, RS fell short of the market, returning -2.7%, while SPY returned +4.2%. However, in the most recent 2 weeks RS has outperformed the stock market by returning +0.9%, while SPY returned +0.1%.

RS support price is $263.28 and resistance is $272.22 (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.