Gold is 2025’s best performer. UBS sees more upside
James J. Claussen, Executive Vice President and CFO of Ryerson Holding Corp (NYSE:RYI), recently sold 6,017 shares of the company’s common stock. The sale comes as RYI shares have surged 35% year-to-date and 9% in the past week, with InvestingPro data indicating the stock is currently in overbought territory. The transactions occurred on February 24, 2025, at prices ranging from $25.30 to $25.34 per share, totaling approximately $152,230. Following the sale, Claussen holds 58,773.3365 shares directly. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Notably, InvestingPro analysis reveals management has been actively buying back shares, suggesting continued confidence in the company’s value despite this insider sale. For deeper insights into insider trading patterns and 14+ additional ProTips, consider exploring the comprehensive RYI Pro Research Report.
In other recent news, Ryerson Holding Corporation reported its fourth-quarter results for 2024, which matched analysts’ adjusted EBITDA predictions. The company has also provided a more optimistic forecast than anticipated, leading BMO Capital Markets to raise its price target for Ryerson Holding to $25, maintaining a Market Perform rating. BMO Capital anticipates material sequential earnings improvement in the first quarter of 2025 and beyond, highlighting the company’s shift towards optimization and cost management. Additionally, Ryerson Holding has amended and restated its bylaws to align with recent developments in Delaware law, streamlining its corporate governance practices. These changes include removing outdated provisions and enhancing procedural requirements for shareholder nominations and proposals. Furthermore, Ryerson Holding announced the appointment of KPMG LLP as its new independent auditor for the fiscal year ending December 31, 2025. This transition follows a thorough evaluation by the company’s Audit Committee, with no prior disagreements with the former auditor, Ernst & Young LLP. These developments reflect Ryerson Holding’s ongoing strategic initiatives and commitment to operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.