Significant Insider Selling Continues at Reliance Steel & Aluminum Co (RS)

Wednesday, March 07, 2018 10:15 PM ET

Significant Insider Selling Continues at Reliance Steel & Aluminum Co (RS)

A substantial insider sale of the shares of Reliance Steel & Aluminum Co was disclosed in a form 4 document filed with the SEC today, showing — Gregg J Mollins, Director and Officer — sold 30,332 shares in the company having a market value of approximately $2,815,720. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 15,113 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 45,445 shares and have averaged 11,361 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Reliance Steel & Aluminum Co is higher than the 4-company peer group average. Metal Service Centers peer group saw 3 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Reliance Steel & Aluminum Co insiders was also higher. Within the peer group there were 0 shares purchased and 15,113 shares sold with company insiders selling 5,038 shares on average.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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