Exec VP, CFO and Asst Corp Sec of Reliance Steel & Aluminum Co. (RS) Karla R Lewis sells 37,500 shares of RS on 09/20/2010 at an average price of $39.99 a share.

Reliance Steel & Aluminum Co. has a market cap of $2.96 billion; its shares were traded at around $39.88 with a P/E ratio of 12.3 and P/S ratio of 0.6. The dividend yield of Reliance Steel & Aluminum Co. stocks is 1%. Reliance Steel & Aluminum Co. had an annual average earning growth of 21.8% over the past 10 years. GuruFocus rated Reliance Steel & Aluminum Co. the business predictability rank of 3.5-star.

RS is in the portfolios of Robert Rodriguez of FPA Capital, First Pacific Advisors of First Pacific Advisors, LLC, Chuck Royce of Royce& Associates, NWQ Managers of NWQ Investment Management Co, Paul Tudor Jones of The Tudor Group, David Dreman of Dreman Value Management, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, George Soros of Soros Fund Management LLC.


This is the insider trade history vs. stock price of RS. For the complete insider trading history of RS, click here.

Directors and Officers Recent Trades:

• Sell: President and COO Gregg J Mollins sold 25,000 shares of RS stock on 09/16/2010 at the average price of 40.69. Gregg J Mollins owns at least 174,748 shares after this. The price of the stock has decreased by 1.99% since.


• Sell: Sr. VP, Operations William K Jr Sales sold 25,000 shares of RS stock on 09/13/2010 at the average price of 41.5. William K Jr Sales owns at least 54,909 shares after this. The price of the stock has decreased by 3.9% since.


• Sell: President and COO Gregg J Mollins sold 50,000 shares of RS stock on 05/13/2010 at the average price of 48.77. Gregg J Mollins owns at least 164,636 shares after this. The price of the stock has decreased by 18.23% since.


• Sell: Sr. VP, Supplier Development Sheldon U. Tenenbaum sold 10,000 shares of RS stock on 04/26/2010 at the average price of 52.35. Sheldon U. Tenenbaum owns at least 6,863 shares after this. The price of the stock has decreased by 23.82% since.


• Sell: Sr. VP Operations James Donald Hoffman sold 2,676 shares of RS stock on 03/30/2010 at the average price of 49.31. James Donald Hoffman owns at least 2,123 shares after this. The price of the stock has decreased by 19.12% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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