Reliance (RS) Shares Scale 52-Week High: More Room to Run?

Reliance, Inc.'s (RS) shares touched a new 52-week high of $342.20 on Apr 8, before closing the session at $337.08.RS has a market capitalization of roughly $19.4 billion and carries a Zacks Rank #3 (Hold) at present.The company’s shares have rallied 37.1% over the past year, outperforming the 4.4% rise of its industry. Image Source: Zacks Investment Research What’s Driving RS?Reliance is benefiting from strong underlying demand in its major markets. It anticipates continued healthy demand trends in the fir ...