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Reliance, Inc. Announces Upcoming Conference Participation
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Globe Newswire (Thu, 15-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 May 15, 2024, RS stock price climbed to $294.25 with 76,034 million shares trading.
RS has a beta of 0.68, 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 $16.90 billion. This is considered a Large Cap stock.
Last quarter Reliance reported $4 billion in Revenue and $5.30 earnings per share. This fell short of revenue expectation by $-115 million and missed earnings estimates by -$.25.
In the last 3 years, RS stock traded as high as $342.20 and as low as $135.46.
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 price return of +23.7% while the SPY ETF gained +29.8%. RS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.2% and +3.3%, respectively, while the SPY returned +6.2% and +5.1%, respectively.
RS support price is $286.37 and resistance is $294.93 (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.