In a filing, TREX Co., Inc revealed its SVP, CHRO Rudolph Jacob T. acquired Company’s shares for reported $2821.0 on Jan 27 ’25. In the deal valued at $57.58 per share,49 shares were bought. As a result of this transaction, Rudolph Jacob T. now holds 24,510 shares worth roughly $1.75 million.
Then, Rudolph Jacob T. sold 1,372 shares, generating $107,126 in total proceeds. Upon selling the shares at $78.08, the SVP, CHRO now owns 24,461 shares.
Before that, Rudolph Jacob T. bought 1,372 shares. TREX Co., Inc shares valued at $107,125 were divested by the Officer at a price of $78.08 per share.
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 Tuesday, TREX Co., Inc [NYSE:TREX] saw its stock fall -0.74% to $71.42. Over the last five days, the stock has lost -1.00%. TREX Co., Inc shares have risen nearly 3.46% since the year began. Nevertheless, the stocks have fallen -17.72% over the past one year. While a 52-week high of $101.91 was reached on 01/27/25, a 52-week low of $58.68 was recorded on 01/13/25. SMA at 50 days reached $72.62, while 200 days put it at $74.27.
Levels Of Support And Resistance For TREX Stock
The 24-hour chart illustrates a support level at 70.64, which if violated will result in even more drops to 69.86. On the upside, there is a resistance level at 72.40. A further resistance level may holdings at 73.38. The Relative Strength Index (RSI) on the 14-day chart is 48.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.55%. Stochastics %K at 54.03% indicates the stock is a holding.
How much short interest is there in TREX Co., Inc?
A steep rise in short interest was recorded in TREX Co., Inc stocks on 2025-01-15, dropping by 96065.0 shares to a total of 6.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 6.27 million shares. There was a decline of -1.56%, 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 .
