Reliance Surges to 490th in Trading Volume with 1.73 Billion Shares Exchanged

On June 12, 2025, Reliance (RS) experienced a significant surge in trading volume, with a total of 1.73 billion shares exchanged, marking a 36.43% increase from the previous day. This substantial trading activity placed Reliance at the 490th position in terms of daily trading volume. The stock price of Reliance (RS) rose by 0.76%.

Reliance, Inc. has seen a notable increase in its stock price over the past three months, driven by strong performance in its core business segments. The company's shipment levels have increased by approximately 9% year over year and 5.6% on a same-store basis, supported by organic growth and robust domestic mill relationships. This growth has been further bolstered by advance metal purchases from customers anticipating price increases in carbon steel and aluminum products. The first quarter of 2025 also witnessed an expansion in gross margins, as favorable trade conditions supported pricing improvements through March. The non-residential construction sector, Reliance's largest end market, performed well in the past quarter and is expected to maintain this momentum in the upcoming period. The company anticipates stable demand across its diversified end markets, including data centers, energy infrastructure, manufacturing, and public infrastructure, despite ongoing uncertainties in domestic and international economic policies. Reliance expects its tons sold to increase by 3-5% compared to the same quarter last year. Additionally, the company declared a 9.1% increase in its regular quarterly dividend, marking its 32nd increase since its 1994 IPO. In the first quarter, Reliance repurchased 922,656 shares of its common stock for a total of $253.2 million, ending the quarter with cash flow from operations of $64.5 million and cash and cash equivalents of $277.8 million, highlighting its financial flexibility and liquidity.