Reliance (RS) Up 24% in 6 Months: Will the Momentum Continue?

Reliance, Inc.’s (RS) shares have popped 23.8% over the past six months. The company has also outperformed its industry’s decline of 3.2% over the same time frame. It has also topped the S&P 500’s roughly 15.9% rise over the same period.Let’s dive into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment Research Strong Demand, Acquisitions Drive RelianceReliance is gaining from strong underlying demand in its major markets. It anticipates continued healthy ...