The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TREX Co., Inc shares valued at $2,433 were purchased by Rudolph Jacob T. on Oct 03 ’24. At $56.59 per share, Rudolph Jacob T. acquired 43 shares. The insider’s holdings grew to 25,833 shares worth approximately $1.82 million following the completion of this transaction.
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Also, Rudolph Jacob T. purchased 44 shares, netting a total of over 2,772 in proceeds. Following the buying of shares at $63.00 each, the insider now holds 25,790 shares.
Before that, Rudolph Jacob T. had sold 16,440 shares from its account. In a trade valued at $1,494,472, the SVP, CHRO traded TREX Co., Inc shares for $90.90 each. Upon closing the transaction, the insider’s holdings decreased to 16,440 shares, worth approximately $1.81 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 drop of approximately -0.62%. Over the course of the year, TREX Co., Inc shares have dropped approximately -15.04%. 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 $67.81, while a 200-day SMA reached $79.43. Nevertheless, trading volume fell to 0.97 million shares from 0.98 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 68.70, which, if violated, would cause prices to drop to 67.06. In the upper region, resistance lies at 71.35. The next price resistance is at 72.36. RSI (Relative Strength Index) is 54.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.01, which suggests the price will decrease in the coming days. Percent R is at 55.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
