What To Expect From REX American Resources Stock After Stock Split?

REX: REX American Resources logo
REX
REX American Resources

REX American Resources stock (NYSE: REX) has lost 1.9% in the last week, underperforming the S&P 500 (up 0.4%). However, it outperformed the broader market index over the last ten days (6.3% vs 4.7%) and one month (7.4% vs 6.3%). Notably, the recent stock market volatility is due to record high inflation numbers, aggressive interest rate hikes by the Fed, and the geopolitical crisis.

REX American Resources Corp. is a leading producer and retailer of ethanol, which has interests in six ethanol production facilities. It completed a 3-for-1 stock split on August 5 (last week), given as a 200% common stock dividend. Markedly, the dividend was given to the shareholders of record on July 29, 2022. Further, as a result of the split, the number of authorized shares under the share repurchase program also increased by 200%. 

Now, is REX stock set to drop further, or could we expect some recovery? We believe that there is a 56% chance of a rise in REX American Resources stock over the next month (21 trading days) based on our machine-learning analysis of trends in the stock price over the last ten years. See our analysis on REX American Resources Stock Chance of Rise.

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Twenty-One Day: REX 7.4%, vs. S&P500 6.3%; Outperformed market

(30% likelihood event; 56% probability of rise over next 21 days)

  • REX American Resources stock gained 7.4% over the last twenty-one trading days (one month), compared to a broader market (S&P500) increase of 6.3%
  • A change of 7.4% or more over twenty-one trading days is a 30% likelihood event, which has occurred 746 times out of 2515 in the last ten years
  • Of these 746 instances, the stock has seen a positive movement over the next twenty-one trading days on 421 occasions
  • This points to a 56% probability for the stock rising over the next twenty-one trading days

Ten Day: REX 6.3%, vs. S&P500 4.7%; Outperformed market

(25% likelihood event; 51% probability of rise over next 10 days)

  • REX American Resources stock increased 6.3% over the last ten trading days (two weeks), compared to broader market (S&P500) gain of 4.7%
  • A change of 6.3% or more over ten trading days is a 25% likelihood event, which has occurred 633 times out of 2515 in the last ten years
  • Of these 633 instances, the stock has seen a positive movement over the next ten trading days on 323 occasions
  • This points to a 51% probability for the stock rising over the next ten trading days

Five Day: REX -1.9%, vs. S&P500 0.4%; Underperformed market

(31% likelihood event; 54% probability of rise over next five days)

  • REX American Resources stock lost 1.9% over a five-day trading period ending 08/05/2022, compared to the broader market (S&P500) increase of 0.4%
  • A change of -1.9% or more over five trading days (one week) is a 31% likelihood event, which has occurred 776 times out of 2515 in the last ten years
  • Of these 776 instances, the stock has seen a positive movement over the next five trading days on 418 occasions
  • This points to a 54% probability for the stock rising over the next five trading days

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Aug 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 REX Return -2% -2% -5%
 S&P 500 Return 0% -13% 85%
 Trefis Multi-Strategy Portfolio 3% -10% 253%

[1] Month-to-date and year-to-date as of 8/8/2022
[2] Cumulative total returns since the end of 2016

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