In a filing, TREX Co., Inc. revealed its SVP, CHRO Rudolph Jacob T. acquired Company’s shares for reported $2433.0 on Oct 03 ’24. In the deal valued at $56.59 per share,43 shares were bought. As a result of this transaction, Rudolph Jacob T. now holds 25,833 shares worth roughly $1.63 million.
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Then, Rudolph Jacob T. bought 44 shares, generating $2,772 in total proceeds. Upon buying the shares at $63.00, the SVP, CHRO now owns 25,790 shares.
Before that, Rudolph Jacob T. sold 16,440 shares. TREX Co., Inc. shares valued at $1,494,472 were divested by the SVP, CHRO at a price of $90.90 per share. As a result of the transaction, Rudolph Jacob T. now holds 25,746 shares, worth roughly $1.62 million.
Stephens downgraded its TREX Co., Inc. [TREX] rating to an Equal-weight from a an Overweight in a research note published on August 07, 2024; the price target was decreased to $72 from $115. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. JP Morgan also remained covering TREX and has increased its forecast on December 14, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Barclays revised its rating on December 13, 2023. It rated TREX as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of TREX
On Monday, TREX Co., Inc. [NYSE:TREX] saw its stock fall -2.54% to $62.98. Over the last five days, the stock has lost -3.67%. TREX Co., Inc. shares have fallen nearly -23.93% since the year began. Nevertheless, the stocks have risen 14.95% over the past one year. While a 52-week high of $101.91 was reached on 02/27/24, a 52-week low of $53.59 was recorded on 08/07/24. SMA at 50 days reached $64.98, while 200 days put it at $80.90.
Levels Of Support And Resistance For TREX Stock
The 24-hour chart illustrates a support level at 62.00, which if violated will result in even more drops to 61.03. On the upside, there is a resistance level at 64.37. A further resistance level may holdings at 65.76. The Relative Strength Index (RSI) on the 14-day chart is 39.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.64%. Stochastics %K at 19.28% indicates the stock is a buying.
How much short interest is there in TREX Co., Inc.?
A steep rise in short interest was recorded in TREX Co., Inc. stocks on 2024-09-30, dropping by -0.55 million shares to a total of 4.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.95 million shares. There was a decline of -12.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 12, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
