AGG News: Reliance Steel (RS) Up 18% YTD: Will the Momentum Continue? - 29th May 2023, 9:59pm

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Reliance Steel & Aluminum Co.’s RS shares have gained 18.4% year to date. The company has also outperformed its industry’s rise of 5.6% over the same time frame. It has also topped the S&P 500’s roughly 8.1% rise over the same period.

Let’s dive into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Zacks Investment Research

Image Source: Zacks Investment Research

Strong Demand, Acquisitions Drive Reliance Steel

Reliance Steel is gaining from s...

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