Douglas M. Hayes, Director at RELIANCE STEEL & ALUMINUM CO (RS), sold 4,000 shares at $73.06 ($293K) on 2016-05-04, disclosed to the SEC on 2016-05-06.
Seasonal sale ($293k) by Director — this insider has traded RS in May in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $73.06 | 1,000 | $73K | 24.9% |
| 2 | $73.28 | 3,000 | $220K | 75.1% |
| Total | $73.22 avg | 4,000 | $293K | 100% |
| Filing → |
| RS | SELL | 2017-03-09 | $494K | — | Filing → |
| RS | SELL | 2016-08-24 | $497K | — | Filing → |
| CIR | SELL | 2016-08-24 | $184K | — | Filing → |