Reliance Stock Rises 13% in 3 Months: What's Driving the Rally?

Key Takeaways RS Q1 shipments rose 9% year over year, aided by strong mill ties and advance metal purchases. Gross margins expanded in Q1 as pricing improved and construction demand remained strong. RS expects 3-5% Y/Y volume growth in Q2, and raised its dividend for the 32nd time since its 1994 IPO.Reliance, Inc. (RS) shares have gained 12.7% over the past three months. The company has also outperformed the Zacks Mining-Miscellaneous industry’s 9.6% rise and the S&P 500’s roughly 7.4% increase over the s ...