Trex Shares Plunge 13.44% Amid Analyst Caution

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:33 pm ET1min read

Trex(TREX) shares surged by 13.44%, reaching their lowest level since April 2023, with an intraday decline of 2.99%.

Analysts have been closely monitoring

, with analyst Matthew Bouley maintaining a "Sell" rating and setting a price target of $54.00. Similarly, adjusted their price target from $76.00 to $74.00, reflecting a cautious outlook on the stock's performance.

Recent stock performance has also been a significant factor, with

Company Inc's stock price falling by 3.53% on April 7, 2025, marking a decline for three consecutive days. This downward trend has raised concerns among investors about the company's short-term prospects.

Despite the recent decline, institutional interest in Trex Company remains strong. Federated Hermes Inc. increased its stake in the company by 38.5% during the fourth quarter, indicating confidence in the company's long-term growth potential. This investment activity suggests that while short-term volatility may persist, there is underlying support for the stock from institutional investors.

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