TREX Co., Inc.’s recently made public that its SVP, CHRO Rudolph Jacob T. acquired Company’s shares for reported $2463.0 on Apr 04 ’24. In the deal valued at $70.37 per share,35 shares were bought. As a result of this transaction, Rudolph Jacob T. now holds 42,186 shares worth roughly $4.05 million.
Then, FAIRBANKS BRYAN HORIX sold 6,164 shares, generating $591,413 in total proceeds. Upon selling the shares at $95.95, the President and CEO now owns 143,544 shares.
JP Morgan upgraded its TREX Co., Inc. [TREX] rating to a Neutral from a an Underweight in a research note published on December 14, 2023; the price target was increased to $79 from $62. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid December from “an Equal weight” to “an Underweight”. Wolfe Research began covering TREX with “Peer perform” recommendation on December 12, 2023. Goldman started covering the stock on October 03, 2023. It rated TREX as “a Buy”.
Price Performance Review of TREX
On Tuesday, TREX Co., Inc. [NYSE:TREX] saw its stock fall -1.37% to $96.02. Over the last five days, the stock has gained 1.08%. TREX Co., Inc. shares have risen nearly 15.98% since the year began. Nevertheless, the stocks have risen 100.21% over the past one year. While a 52-week high of $101.91 was reached on 02/27/24, a 52-week low of $47.65 was recorded on 01/05/24. SMA at 50 days reached $93.14, while 200 days put it at $74.93. A total of 0.78 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For TREX Stock
The 24-hour chart illustrates a support level at 94.49, which if violated will result in even more drops to 92.97. On the upside, there is a resistance level at 97.50. A further resistance level may holdings at 98.99. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.77%. Stochastics %K at 45.34% indicates the stock is a holding.
How much short interest is there in TREX Co., Inc.?
A steep rise in short interest was recorded in TREX Co., Inc. stocks on Mar 28, 2024, dropping by -0.51 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 5.55 million shares. There was a decline of -10.12%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.03.
The most recent change occurred on August 25, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $72 price target.
