Mervyn Alphonso Acquires Shares of REX American Resources

Mervyn Alphonso made a notable move by purchasing 4,423 shares of REX American Resources Corporation on June 15, 2026. This transaction did not specify a price or total value, but it reflects Alphonso's confidence in the company's prospects.

Insider Buying and Selling at REX American Resources Corporation

The insider activity at REX American Resources on June 15, 2026, was diverse. Alongside Mervyn Alphonso, other insiders including Anne MacMillan, Cheryl Lea Bustos, and Edward Kress each acquired 4,423 shares. Douglas Bruggeman, the CFO, VP-Finance, and Treasurer, also bought shares, totaling 49,266. On the same day, Stuart Rose, the Executive Chairman of the Board, sold 19,211 shares at an average price of $42.97.

REX American Resources Stock Snapshot

Shares of REX American Resources, trading under the ticker REX on the NYSE, were priced at approximately $43.68. The company has a market capitalization of about $1.44 billion and a P/E ratio of 15.6, indicating its profitability relative to its share price. The stock's 52-week range spans from $23.82 to $53.36, with a 50-day moving average of $46.77 and a 200-day moving average of $37.22. The company boasts a strong current ratio of 6.76 and a quick ratio of 6.07, reflecting its liquidity position.

Analysts Set New Price Targets

Truist Securities, on March 27, 2025, reiterated its buy rating for REX American Resources with a price target set at $50. This aligns with previous ratings from Truist Financial, which maintained a buy stance with targets ranging from $45 to $70 over the past few years. The consensus among analysts remains positive, with a recommendation leaning towards buying.

About REX American Resources

REX American Resources Corporation, headquartered in Dayton, Ohio, is a player in the basic materials sector, specifically in the chemicals industry. The company, led by CEO Mr. Zafar A. Rizvi, produces and sells ethanol and related by-products like distillers grains and corn oil. Founded in 1980, REX American Resources has grown to employ 132 people, contributing to the ethanol market in the United States.

Bottom Line

Mervyn Alphonso's recent purchase of REX American Resources shares highlights ongoing insider interest in the company. Investors often track such transactions for potential insight into a company's future. While insider trades can be informative, it's important to remember that these filings provide a backward-looking view and may not reflect current positions.