Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TREX Co., Inc. shares valued at $2,772 were purchased by Rudolph Jacob T. on Jul 03 ’24. At $63.00 per share, Rudolph Jacob T. acquired 44 shares. The insider’s holdings grew to 25,790 shares worth approximately $2.07 million following the completion of this transaction.
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Also, Rudolph Jacob T. sold 16,440 shares, netting a total of over 1,494,472 in proceeds. Following the sale of shares at $90.90 each, the insider now holds 25,746 shares.
Before that, Rudolph Jacob T. had added 35 shares to its account. In a trade valued at $2,463, the SVP, CHRO bought TREX Co., Inc. shares for $70.37 each. Upon closing the transaction, the insider’s holdings increased to 35 shares, worth approximately $3.39 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 surge of approximately 2.48%. Over the course of the year, TREX Co., Inc. shares have dropped approximately -2.85%. Shares of the company reached a 52-week high of $101.91 on 02/27/24 and a 52-week low of $69.85 on 07/05/24. A 50-day SMA is recorded $80.89, while a 200-day SMA reached $81.73. Nevertheless, trading volume fell to 1.07 million shares from 0.9 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 78.47, which, if violated, would cause prices to drop to 76.52. In the upper region, resistance lies at 83.76. The next price resistance is at 87.10. RSI (Relative Strength Index) is 49.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 60.45%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
