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 $107,126 were sold by Rudolph Jacob T. on Nov 25 ’24. At $78.08 per share, Rudolph Jacob T. sold 1,372 shares. The insider’s holdings dropped to 24,461 shares worth approximately $1.75 million following the completion of this transaction.
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Also, Rudolph Jacob T. purchased 1,372 shares, netting a total of over 107,125 in proceeds.
Before that, Rudolph Jacob T. had added 43 shares to its account. In a trade valued at $2,433, the SVP, CHRO bought TREX Co., Inc shares for $56.59 each. Upon closing the transaction, the insider’s holdings increased to 43 shares, worth approximately $1.85 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 -10.29%. Over the course of the year, TREX Co., Inc shares have dropped approximately -13.44%. 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 $70.97, while a 200-day SMA reached $77.99. Nevertheless, trading volume fell to 1.58 million shares from 0.92 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 69.68, which, if violated, would cause prices to drop to 67.69. In the upper region, resistance lies at 75.44. The next price resistance is at 79.21. RSI (Relative Strength Index) is 42.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 97.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
