Insider Sale at Rex American Resources Corporation (REX): Lawrence Tomchin Sales 20,000 Shares


Lawrence Tomchin, Director at Rex American Resources Corporation (NYSE:REX), sold last September 5th through various open market transactions 20,000 shares of Common Stock. There were disposed at an average weighted price of $105.26, for a total value of $210,524. Following the filing, Mr. Tomchin directly owns 160,154 shares of this holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc, Stereo Town, Inc and Kelly & Cohen Appliances, Inc. Throughout this year, he has disposed shares in numerous occasions.

On the opposite sidewalk,  Rex American Resources Corporation (NYSE:REX)’s largest hedge fund investors on record have decided to increase their participation in the $844.14 million market cap company. Jim Simons’s Renaissance Technologies –owner of 337,600 shares- and John Overdeck and David Siegel’s Two Sigma Advisors –owner of 41,300 shares- have done so by 27% and 51% respectively. David E. Shaw’s D E Shaw –owner of 62,72 shares- has determined to increase its exposure to the firm even more, and has done so by over four times.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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