Reliance Steel & Aluminum Co (RS) Reaches $69.92 After 9.00% Down Move, Shorts at THEMAVEN (MVEN) Raised By 0.32%

June 20, 2017 - By Migdalia James

The stock of Reliance Steel & Aluminum Co (NYSE:RS) is a huge mover today! About 285,507 shares traded. Reliance Steel & Aluminum Co (NYSE:RS) has risen 0.13% since June 20, 2016 and is uptrending. It has underperformed by 16.57% the S&P500.The move comes after 8 months negative chart setup for the $5.10 billion company. It was reported on Jun, 20 by Barchart.com. We have $63.63 PT which if reached, will make NYSE:RS worth $459.00M less.

THEMAVEN INCORPORATED (OTCMKTS:MVEN) had an increase of 0.32% in short interest. MVEN’s SI was 30,900 shares in June as released by FINRA. Its up 0.32% from 30,800 shares previously. With 10,300 avg volume, 3 days are for THEMAVEN INCORPORATED (OTCMKTS:MVEN)’s short sellers to cover MVEN’s short positions. It is 0.00% or $0 reaching $1.65 per share. It is down 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

theMaven, Inc. is a United States-based company, which offers theMaven, a group media platform, featuring vertical content across multiple content divisions. The company has market cap of $44.21 million.

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Reliance Steel had 18 analyst reports since September 8, 2015 according to SRatingsIntel. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, November 29 report. The stock has “Outperform” rating by Cowen & Co on Friday, July 22. The firm earned “Neutral” rating on Friday, February 19 by Bank of America. The stock of Reliance Steel & Aluminum Co (NYSE:RS) earned “Underperform” rating by Bank of America on Tuesday, April 19. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has “Buy” rating given on Monday, December 5 by Deutsche Bank. The stock of Reliance Steel & Aluminum Co (NYSE:RS) earned “Neutral” rating by Rosenblatt on Thursday, April 28. Deutsche Bank initiated Reliance Steel & Aluminum Co (NYSE:RS) on Tuesday, October 20 with “Buy” rating. Macquarie Research upgraded Reliance Steel & Aluminum Co (NYSE:RS) on Tuesday, March 14 to “Outperform” rating. The firm earned “Hold” rating on Wednesday, March 23 by Deutsche Bank. The stock has “Hold” rating by Jefferies on Monday, March 21.

Since February 21, 2017, it had 0 buys, and 4 insider sales for $2.97 million activity. The insider HANNAH DAVID H sold $2.18M. Shares for $173,875 were sold by Sharkey Andrew G III. MOLLINS GREGG J sold $116,297 worth of Reliance Steel & Aluminum Co (NYSE:RS) on Monday, February 27. On Tuesday, March 7 HAYES DOUGLAS M sold $493,500 worth of Reliance Steel & Aluminum Co (NYSE:RS) or 6,000 shares.

Reliance Steel & Aluminum Co. is a metals service center firm in North America . The company has market cap of $5.10 billion. As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom). It has a 15.83 P/E ratio. As of December 31, 2016, it provided metals processing services and distributes a range of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products in a range of industries.

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