Trex Co Inc (NYSE: TREX) stock suffered a major decline of -21.5% on 8/7/24. The shares closed at $60.07. Moreover, this decline was accompanied by exceptionally high trading volume at 591% of normal. The stock has performed in line with the market over the last nine months and has declined -28.9% during the last week.
Current PriceTarget Research Rating
TREX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trex has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Trex has a very low Appreciation Score of 14 but a neutral Power Rating of 54, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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