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 $2,772 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 $1.84 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 $3.01 million.
As published in a research note from Stephens on August 07, 2024, TREX Co., Inc. [TREX] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $72 from $115. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of December 14, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for TREX. Earlier on December 13, 2023, Barclays downgraded its rating. Their new recommendation was “an Underweight” for TREX stock which previously was a “an Equal weight”.
Analyzing TREX Stock Performance
During the last five days, there has been a surge of approximately 11.10%. Over the course of the year, TREX Co., Inc. shares have dropped approximately -13.95%. Shares of the company reached a 52-week high of $101.91 on 02/27/24 and a 52-week low of $58.68 on 08/07/24. A 50-day SMA is recorded $70.20, while a 200-day SMA reached $82.23. Nevertheless, trading volume fell to 1.46 million shares from 1.27 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 69.54, which, if violated, would cause prices to drop to 67.84. In the upper region, resistance lies at 72.12. The next price resistance is at 73.01. RSI (Relative Strength Index) is 64.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.64, which suggests the price will increase in the coming days. Percent R is at 0.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.