Resource America Inc. (REXI) Jumps 11.28% on December 28

Equities Staff |

Resource America Inc. (REXI) was among the biggest gainers on the Russell 2000 for Monday December 28 as the stock popped 11.28% to $5.13, representing a gain of $0.52 per share. Some 355,896 shares traded hands on 1,534 trades, compared with an average daily volume of 66,870 shares out of a total float of 21.17 million. The stock opened at $4.77 and traded with an intraday range of $5.29 to $4.50.

After today's gains, Resource America Inc. reached a market cap of $108.6 million. Resource America Inc. has had a trading range between $9.63 and $3.54 over the last year, and it had a 50-day SMA of $5.90 and a 200-day SMA of $7.48.

Resource America Inc is an asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its real estate, commercial finance and financial fund management sector.

Resource America Inc. is based out of Philadelphia, PA and has some 747 employees. Its CEO is Jonathan Z. Cohen / Alan F. Feldman.

For a complete fundamental analysis analysis of Resource America Inc., check out Equities.com’s Stock Valuation Analysis report for REXI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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