Russel Metals (RUS) has notable insider net $ buying

Russel Metals (T:RUS)

Ryan Wallace MacDermid, a Senior Officer, disposed 1,366 Common Shares on a direct ownership basis at a price of $21.860 through the public market on February 14th, 2020. This represents a $29,861 divestment of the company's shares and an account share holdings change of -24.8%.

John Russell Tulloch, a Director, acquired 4,000 Common Shares on a direct ownership basis at prices ranging from $21.500 and $21.560 through the public market on February 14th, 2020. This represents a $86,198 investment into the company's shares and an account share holdings change of 36.4%.

Russel Metals Inc. is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 35,000 end users through a network of over 49 locations in Canada and over 16 locations in the United States. The Company's network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. The Company's energy products operations distribute oil country tubular goods (OCTG), line pipe, tubes, flanges, valves and fittings to the energy industry. The Company's steel distributors segment is engaged in selling steel to other steel service centers and equipment manufacturers.