Stock Worth Mentioning Today: Is REX American Resources Corp a Buy? The Stock Reaches 52-Week High Today

Stock Worth Mentioning Today: Is REX American Resources Corp a Buy? The Stock Reaches 52 Week High Today

The stock of REX American Resources Corp (NYSE:REX) hit a new 52-week high and has $121.11 target or 37.00% above today’s $88.40 share price. The 9 months bullish chart indicates low risk for the $582.46M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $121.11 price target is reached, the company will be worth $215.51M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,087 shares traded hands. REX American Resources Corp (NYSE:REX) has risen 56.08% since April 19, 2016 and is uptrending. It has outperformed by 52.22% the S&P500.

REX American Resources Corp (NYSE:REX) Ratings Coverage

Out of 2 analysts covering REX American Resources (NYSE:REX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. REX American Resources has been the topic of 2 analyst reports since December 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Singular Research given on Thursday, December 3. The stock of REX American Resources Corp (NYSE:REX) earned “Buy” rating by Feltl & Co on Thursday, September 15.

According to Zacks Investment Research, “REX American Resources Corporation, formerly known as REX Stores Corporation, is engaged in the production and sale of ethanol and distillers grains. The Company owns interests in corn- or sorghum-based ethanol production facilities in Illinois, Iowa and Texas. The Company also intends to monetize its real estate assets via leases and property sales, as market conditions allow. REX American Resources Corporation is headquartered in Dayton, Ohio.”

Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.84, from 0.64 in 2016Q1. The ratio increased, as 13 funds sold all REX American Resources Corp shares owned while 51 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 6.15 million shares or 4.47% less from 6.44 million shares in 2016Q1.
Moreover, Morgan Stanley has 0% invested in REX American Resources Corp (NYSE:REX) for 3,264 shares. Blackrock Advisors Ltd Liability Com holds 0% of its portfolio in REX American Resources Corp (NYSE:REX) for 2,838 shares. Texas Permanent School Fund accumulated 4,214 shares or 0% of the stock. Aqr Mgmt Ltd Llc owns 28,763 shares or 0% of their US portfolio. Moreover, Aperio Gp Lc has 0% invested in REX American Resources Corp (NYSE:REX) for 5,463 shares. Bankshares Of America Corporation De last reported 0% of its portfolio in the stock. Principal Finance Grp Incorporated accumulated 39,226 shares or 0% of the stock. Springbok Capital Mngmt Ltd Liability Company accumulated 0.01% or 1,000 shares. Moreover, Numeric Invsts Llc has 0.02% invested in REX American Resources Corp (NYSE:REX) for 37,251 shares. New York State Common Retirement Fund has invested 0% of its portfolio in REX American Resources Corp (NYSE:REX). Swiss Fincl Bank holds 9,500 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 186 shares. Ameriprise Finance Inc accumulated 0.01% or 155,152 shares. Menta holds 0.26% of its portfolio in REX American Resources Corp (NYSE:REX) for 31,463 shares. Systematic Fin Limited Partnership accumulated 146,178 shares or 0.12% of the stock.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 18 sales for $6.34 million net activity. The insider TOMCHIN LAWRENCE sold $85,000. Alphonso Mervyn L also sold $84,800 worth of REX American Resources Corp (NYSE:REX) on Tuesday, October 4. On Thursday, October 6 the insider ROSE STUART A sold $397,991. KRESS EDWARD M also sold $1.27M worth of REX American Resources Corp (NYSE:REX) on Friday, September 30. $162,800 worth of REX American Resources Corp (NYSE:REX) was sold by BRUGGEMAN DOUGLAS on Monday, August 29.

More recent REX American Resources Corp (NYSE:REX) news were published by: Marketwatch.com which released: “Rex American Resources Corp.” on June 11, 2009. Also Thestreet.com published the news titled: “Why REX American Resources (REX) Stock Is Spiking Today” on August 27, 2014. Quotes.Wsj.com‘s news article titled: “News Rex American Resources Corp.REX” with publication date: February 11, 2011 was also an interesting one.

REX Company Profile

Rex American Resources Corporation, incorporated on February 13, 1984, is a holding company. The Firm has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Firm operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River). One Earth has its ethanol production facility in Gibson City, Illinois. NuGen operates an ethanol producing facility in Marion, South Dakota. Big River is a holding firm for various entities, including Big River Resources West Burlington, LLC, which operates an ethanol plant in West Burlington, Iowa.

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