Reliance (RS) Up 21% in 3 Months: What's Driving the Rally?

Reliance, Inc.’s (RS) shares have gained 20.9% over the past three months. The company has also outperformed its industry’s rise of 15.2% over the same time frame. It has also topped the S&P 500’s roughly 11.6% rise over the same period.Let’s take a look into the factors that are driving this Zacks Rank #2 (Buy) stock. Image Source: Zacks Investment Research What’s Aiding RS?Forecast-topping earnings performance in the fourth quarter of 2023 and upbeat prospects have contributed to the gain in the company's ...