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AZEK Soars 3.68% to 2024 High on James Hardie Merger
Generated by AI AgentAinvest Movers Radar
Friday, Jun 27, 2025 6:54 pm ET1min read
AZEK(AZEK)涨3.63%，连涨5天，近5日涨7.19%。The share price rose to its highest level since December 2024 today, with an intraday gain of 3.68%.
The strategy of buying shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.4%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for AZEK.AZEK's recent stock price surge can be attributed to the significant merger with
. On June 27, 2025, AZEK stockholders approved this proposed merger, which is set to close on July 1, 2025. This strategic move will result in AZEK becoming an indirect wholly owned subsidiary of James Hardie, enhancing its market position by combining resources and delivering greater value to customers through expanded offerings and innovation.As part of the merger agreement, each AZEK share will convert into $26.45 in cash along with 1.0340 shares of James Hardie. This merger is expected to leverage AZEK's expertise with James Hardie's robust operational performance, creating a stronger and more competitive entity in the market.
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