President and COO of Reliance Steel & Aluminum Co. (RS) Gregg J Mollins sells 1,392 shares of RS on 08/02/2012 at an average price of $53.15 a share.

Reliance Steel & Aluminum has a market cap of $3.87 billion; its shares were traded at around $53.47 with a P/E ratio of 10.3 and P/S ratio of 0.5. The dividend yield of Reliance Steel & Aluminum stocks is 1.2%. Reliance Steel & Aluminum had an annual average earning growth of 18.9% over the past 10 years.

This is the annual revenues and earnings per share of RS over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RS.

CEO Recent Trades:

• CEO and Chairman David H Hannah sold 1,927 shares of RS stock on 08/02/2012 at the average price of 50.05. David H Hannah owns at least 285,715 shares after this. The price of the stock has increased by 6.83% since.
• CEO and Chairman David H Hannah sold 50,000 shares of RS stock on 05/01/2012 at the average price of 56.71. David H Hannah owns at least 287,535 shares after this. The price of the stock has decreased by 5.71% since.

CFO Recent Trades:

• Exec VP, CFO and Asst Corp Sec Karla R Lewis sold 568 shares of RS stock on 08/02/2012 at the average price of 50.04. Karla R Lewis owns at least 54,122 shares after this. The price of the stock has increased by 6.85% since.

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:

• Sr. VP, Supplier Development Sheldon U. Tenenbaum sold 335 shares of RS stock on 08/02/2012 at the average price of 50.05. Sheldon U. Tenenbaum owns at least 19,127 shares after this. The price of the stock has increased by 6.83% since.
• Sr. VP, Operations William K Jr Sales sold 378 shares of RS stock on 08/02/2012 at the average price of 50. William K Jr Sales owns at least 59,736 shares after this. The price of the stock has increased by 6.94% since.
• Sr. VP, Operations James Donald Hoffman sold 324 shares of RS stock on 08/02/2012 at the average price of 50.01. James Donald Hoffman owns at least 14,441 shares after this. The price of the stock has increased by 6.92% since.
• President and COO Gregg J Mollins sold 963 shares of RS stock on 08/02/2012 at the average price of 49.95. Gregg J Mollins owns at least 188,991 shares after this. The price of the stock has increased by 7.05% since.

For the complete insider trading history of RS, click here.

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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