Reliance Steel & Aluminum Co. share price drops by 1.5%

Reliance Steel & Aluminum Co. has lost 1.5% during the past week and dropped 1.03% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.68% during the past week but Reliance Steel & Aluminum Co. has outperformed the index in 4 weeks by 1.29%.

Reliance Steel & Aluminum Co. is up 6.23% in the last 3-month period. Year-to-Date the stock performance stands at -2.9%.

Shares of Reliance Steel & Aluminum Co. ended Thursday session in red amid volatile trading. The shares closed down 0.53 points or 0.91% at $57.91 with 287,850 shares getting traded. Post opening the session at $58.3, the shares hit an intraday low of $57.91 and an intraday high of $58.72 and the price vacillated in this range throughout the day. The company has a market cap of $4,149 million and the number of outstanding shares have been calculated to be 71,641,148 shares. The 52-week high of Reliance Steel & Aluminum Co. is $66.86 and the 52-week low is $50.63.

Currently the company Insiders own 3.99% of Reliance Steel & Aluminum Co. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.39% . Institutional Investors own 80.32% of Reliance Steel & Aluminum Co. shares. During last six month period, the net percent change held by insiders has seen a change of -4.6%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Sharkey Andrew G Iii, director of Reliance Steel & Aluminum Co, unloaded 2,000 shares at an average price of $58.44 on December 4, 2015. The total amount of the transaction was worth $116,880, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Reliance Steel & Aluminum Co. is the metals service center company in North America (United States and Canada). The company provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy and aluminum specialty products to more than 125,000 customers in a range of industries.

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