Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TREX Co., Inc. shares valued at $2,463 were purchased by Rudolph Jacob T. on Apr 04 ’24. At $70.37 per share, Rudolph Jacob T. acquired 35 shares. The insider’s holdings grew to 42,186 shares worth approximately $3.83 million following the completion of this transaction.
Also, FAIRBANKS BRYAN HORIX sold 6,164 shares, netting a total of over 591,413 in proceeds. Following the sale of shares at $95.95 each, the insider now holds 143,544 shares.
As published in a research note from JP Morgan on December 14, 2023, TREX Co., Inc. [TREX] has been rated up from an Underweight to a Neutral and the price target has been revised to $79 from $62. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid December. As of December 12, 2023, Wolfe Research has initiated its “Peer perform” rating for TREX. Earlier on October 03, 2023, Goldman initiated its rating. Their recommendation was “a Buy” for TREX stock.
Analyzing TREX Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, TREX Co., Inc. shares have jumped approximately 9.66%. Shares of the company reached a 52-week high of $101.91 on 02/27/24 and a 52-week low of $75.79 on 01/05/24. A 50-day SMA is recorded $93.61, while a 200-day SMA reached $77.46. Nevertheless, trading volume fell to 0.9 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for TREX Co., Inc. (TREX)
According to the 24-hour chart, there is a support level at 90.07, which, if violated, would cause prices to drop to 89.35. In the upper region, resistance lies at 91.98. The next price resistance is at 93.17. RSI (Relative Strength Index) is 47.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.13, which suggests the price will increase in the coming days. Percent R is at 39.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
