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TREX Co., Inc. [TREX] Shares Fall -0.18 % on Thursday

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TREX Co., Inc. shares valued at $1,494,472 were sold by Rudolph Jacob T. on May 15 ’24. At $90.90 per share, Rudolph Jacob T. sold 16,440 shares. The insider’s holdings dropped to 25,746 shares worth approximately $2.16 million following the completion of this transaction.

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Also, Rudolph Jacob T. purchased 35 shares, netting a total of over 2,463 in proceeds. Following the buying of shares at $70.37 each, the insider now holds 42,186 shares.

Before that, FAIRBANKS BRYAN HORIX had sold 6,164 shares from its account. In a trade valued at $591,413, the President and CEO traded TREX Co., Inc. shares for $95.95 each. Upon closing the transaction, the insider’s holdings decreased to 6,164 shares, worth approximately $12.06 million.

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 drop of approximately -2.06%. Over the course of the year, TREX Co., Inc. shares have jumped approximately 1.49%. 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 $87.69, while a 200-day SMA reached $79.58. Nevertheless, trading volume fell to 0.83 million shares from 0.76 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 83.00, which, if violated, would cause prices to drop to 81.97. In the upper region, resistance lies at 84.96. The next price resistance is at 85.91. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 43.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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