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Examining the Potential Price Growth of TREX Co., Inc. (TREX)

In a filing, TREX Co., Inc. revealed 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 $3.74 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 -1.87% to $88.55. Over the last five days, the stock has lost -1.80%. TREX Co., Inc. shares have risen nearly 6.96% since the year began. Nevertheless, the stocks have risen 62.00% over the past one year. While a 52-week high of $101.91 was reached on 02/27/24, a 52-week low of $51.03 was recorded on 01/05/24. SMA at 50 days reached $93.79, while 200 days put it at $76.76. A total of 0.43 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For TREX Stock

The 24-hour chart illustrates a support level at 87.79, which if violated will result in even more drops to 87.04. On the upside, there is a resistance level at 90.04. A further resistance level may holdings at 91.53. The Relative Strength Index (RSI) on the 14-day chart is 39.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.11%. Stochastics %K at 44.17% indicates the stock is a holding.

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.

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