why is trex stock dropping today

The company announced its earnings for the fourth quarter of fiscal 2019 after market hours on Tuesday. Why is the Philippine stock market dropping? And as noted, it's expanding capacity late in the economic cycle, and at a time when competitors are launching their own composite-wood products. Returns as of 01/10/2021. Alex Klein Updated Jul. 13, 2017 10:52PM ET / Published Aug. 17, 2012 3:30PM ET its incredible how much bad news is in the stock right now. Aside from the global sell-off, the FB stock price can drop thanks to sell-offs in the tech industry. Tesla (NASDAQ:TSLA) bulls are on thin ice after the stock’s monster rally raises questions about sustainability and valuation. The S&P 500 (SNPINDEX: ^GSPC) gained 4 points to 3,117, and the Nasdaq Composite ... sending the steelmaker's stock falling. Shares of Fulgent Genetics (NASDAQ: FLGT), a genetics testing provider, were dropping sharply on Friday and were down by 13.9% as of 11:37 a.m. EST, after falling by as much as 17.3% earlier in the day.The company did not report any news that scared off investors, but a Wall Street analyst downgraded its stock, which explains its woes on the market today. Trex has been an outperformer in recent months, up 44% year to date even with Tuesday's slide, and the company came into earnings season priced for perfection. ... His favorite stock is Apple, which is also the first stock he ever bought. The tech-heavy Nasdaq Composite Index … Even before the tumble, the stock was down 6.1 percent this year. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, 3 Surprising Stocks We Love For the Housing Boom, 3 Surefire Stocks on My Christmas Wish List, This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now, 3 Hot Stocks Cashing in on the Great Outdoors, Copyright, Trademark and Patent Information. After markets closed Monday, Trex reported third-quarter earnings of $0.72 per share, ahead of the $0.68 consensus, despite revenue that at $195 million was nearly $15 million shy of expectations. Qualcomm News: Why QCOM Stock Is Falling 5% Today QCOm may get caught in a trade war By William White , InvestorPlace Writer May 15, 2020, 3:07 pm EST May 15, 2020 Everything you need to know about the stock market today. Which brings us back to the drop in the Microsoft stock price. Market data powered by FactSet and Web Financial Group. The Federal Reserve has pledged to keep interest rates near rock bottom for a long time to come. The Nasdaq Composite lost 4.9%. SociedadQuimica y Minera tumbled 6.6% to 58.59 on the stock market today, testing its 50-day moving average intraday. Tesla’s market cap has already shed billions Wednesday – falling over 10% in early morning trading over fears that the coronavirus outbreak will delay the timeline for new vehicle deliveries in China. Gold price prediction for march 9 2017 today s top gold news and opinion a price of gold per ounce gold price drops more than 80 an ounce gold price record looking like a today s top gold news and opinion a. Stock Advisor launched in February of 2002. This story gets even stranger. The Facebook stock price is falling today because of a global sell-off. Here are top five reasons why the Chinese stock market made a smart recovery towards the close of today's trade. What happened. Given the sheer number of pipeline companies, power plant operators, oil and gas production companies, and other energy stocks, it can be hard to identify which energy companies will … The stock fell 1% as expectations for its vaccine are largely priced in. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, 3 Surprising Stocks We Love For the Housing Boom, 3 Surefire Stocks on My Christmas Wish List, This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now, 3 Hot Stocks Cashing in on the Great Outdoors, Copyright, Trademark and Patent Information. Stock Advisor launched in February of 2002. This is a quality company with a compelling product. The stock is up about 60% since November 13, the day before it announced its vaccine was highly effective. Long-term-focused investors should hold on through the downturn. Why Is Zoom’s Stock Dropping? There was no company-specific news for … TREX | Complete Trex Co. Inc. stock news by MarketWatch. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. If this coronavirus causes a full-blown economic slowdown or recession, purchases of consumer discretionary products like new decks could be put on hold. At these frothy levels, even the littlest bit of bad news can send shares tumbling lower. Q4's sales came in 15% higher than what Trex … The company has enjoyed solid growth in its composite decking product, which now makes up roughly one-fifth of total decking installations, and was seen as a potential beneficiary of the coronavirus scare should consumers decide to stay at home, and perhaps renovate, instead of taking vacations this summer. China's stock market crash may derail government's economic reforms The crash has been a bitter pill for the real economy, and will be a huge comedown for policymakers. Trex (TREX) shares are gaining after being upgraded to 'buy' from 'hold' by analysts at Stifel Nicolaus (SF) Nasdaq composite: 11,518.68, down 4.5% Read more: A commercial real estate-investing expert explains why the future of offices isn't as bleak as you think — and shares 3 … Becton Dickinson and Co (NYSE: BDX) shares are trading lower on Wednesday. Market data powered by FactSet and Web Financial Group. Revenue in the second quarter was $221 million, ahead of the $201 million in … The broader markets fell after the release of poor manufacturing data. It also announced a 2-for-1 stock split. Today’s price change has pushed the stock +63.55% YTD, which shows the potential for further growth is there. Why Fulgent Genetics Stock Is Dropping Today Motley Fool. Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. 50 mins Why Fulgent Genetics Stock Is Dropping Today – Motley Fool The Motley Fool . Why LendingClub (LC) Stock Is Dropping Today ... an analyst at Compass Point Research & Trading wrote in a note today, ... Dow Jones Today;... Why Caterpillar Stock Is Dropping Today -- The Motley Fool These latest quarterly results do nothing to change my outlook. Catalent sees fiscal year 2021 sales $3.45-$3.60 billion versus the $3.05 billion estimate. Get detailed Pfizer stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. But the shares came crashing back on Monday, a risk-off day for markets. China's stock market crash may derail government's economic reforms The crash has been a bitter pill for the real economy, and will be a huge comedown for policymakers. Check out why Pfizer share price is up today. Why is Cree stock falling? PayPal Stock Is Dropping Because of ‘Meaningful Headwinds’ From Europe. Shares of Trex (NYSE: TREX) have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. Trex also cut full-year capital spending guidance by $10 million, to between $65 million and $70 million, due to timing of actual cash payments related to the company's $200 million capacity expansion project. Wall Street’s sell-off resumed on Wednesday as a drop in the shares of large technology companies dragged stocks to their fifth decline in the last six sessions. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Stocks. Wall Street darling Nvidia NVDA also dropped, with shares reaching an intraday low that was nearly 7% off of Tuesday's close. In today's case -- earnings relatively in line with estimates -- a 20% jump doesn't exactly jibe. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. I can't predict what the next few days, months, or quarters will look like, but I remain bullish on the long-term prospects for Trex and its composite decking product. Why Shares of Trex Are Falling Today Earnings were solid, but apparently not strong enough. The Dow lost 633 points, or 2.3%, while the S&P 500 shed 2.8%. Image source: Trex. Revenue was up 17% over the comparable period in 2018, led by a 24% increase in residential product sales. Even after Monday's sell-off, shares of Trex are still up more than 32% over the past year and up 264% over the past five years, beating the S&P 500 by 31 percentage points and 230 percentage points, respectively. Why Visa Stock Is Dropping Today Visa stock is dropping today due to a court ruling regarding a $5.7 billion settlement deal that is being rejected by New York appeals court. Alex Klein on why Zuckerberg’s stock hasn’t hit bottom yet. Trex is vulnerable to a downturn in new construction or renovation spending. Why Is Gold Price Dropping Today Friday, 8 January 2021. Down, up, down. So what. So what. Keith Speights owns shares of Pfizer. Brian Feroldi, The Motley Fool. Cline said he expects net sales to fall to about $160 million in the fourth quarter, which would still represent 14% growth compared to the same three months of 2018, and "modest" sequential gross-margin expansion. There are more than 450 energy companies traded on public markets. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. I would buy gradually as it goes down but in the short term stocks can drop irrationally for extended periods. and Pie Five have been closing locations. He spends a lot of time these days focused on the industrials and financials. Trex has been a rare standout in a tough market, with its shares hitting a new high last week. What happened. Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor Trex Company’s 2-For-1 Stock … It's also possible spooked investors were looking to take profits in one of the few stocks that have weathered the coronavirus sell-off up until now. Here are top five reasons why the Chinese stock market made a smart recovery towards the close of today's trade. Before today, MSFT stock had risen 36% over the previous 12 months. Why HCA Healthcare Stock Is Dropping Today. "Growth was led by the appeal of the Trex brand and the value proposition our products represent, strong demand for the new Enhance product line and positive market conditions.". 18 mins M&G Investment Management reduced stake in Trinseo S.A. Investing.com 18 mins Andvari Associates’ Q4 2020 Letter – The Leap Of Faith Seeking Alpha Given the current economic conditions, the stock's healthy recent run, and the less-than-expected revenue growth, some investors might have seen it as a good time to take some profits. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. Today, crude is crashing hard. T-Mobile stock was down 2.76% at $76.04, while Sprint was down 3.33% at $5.96. 15 Energy Stocks Analysts Love the Most. When a downgrade is given by a company there is almost always a sharp pullback, but often when a stock is in an uptrend such as in the case of Aflac Stock, the morning drop in the stock after the downgrade, is an opportunity for trading. Trex stock price target cut to $72 from $143 at Deutsche Bank Sep. 22, 2020 at 6:35 a.m. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Catalent is a specialty and generic drug manufacturing company. Nifty 14,300.25 162.9. Or more precisely, front month WTIC crude is crashing. The S&P 500's 4.1% drop was also the worst since August 2011, while the Nasdaq composite's 3.8% was its biggest since the post-Brexit-vote sell-off in June 2016. What happened. The Nasdaq Composite dropped 624.94 points, or 7.3%, to finish at 7,950.68, putting the technology-heavy index 19% below last month's record. Image source: Getty Images. The S&P 500 rose 0.7% to 3726.86, while the Nasdaq Composite … ET by Tomi Kilgore Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market The Motley Fool has no position in any of the stocks mentioned. Oil and gas stocks account for a hefty 20 per cent of the S&P/TSX Composite Index – an index that includes share prices of the largest companies that trade on the Toronto Stock Exchange. Why are stocks falling again? He spends a lot of time these days focused on the industrials and financials. The company generated earnings that came in ahead of consensus, but revenue was a little light, and Trex signaled a seasonal slowdown heading into the fourth quarter. Stocks ended Thursday's session sharply lower, with the Dow falling more than 800 points (2.7%) and the S&P 500 dropping 3.5%. As the broader fast-casual market cools, chains like Noodles & Co . Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. Why Trex Stock Was Stacking Higher Today Jeremy Bowman 5/5/2020 US Coronavirus: The daily death toll from Covid-19 just exceeded the deaths from 9/11 on this important day for vaccine development Positive news from these studies should provide a big catalyst for the biotech stock. NSE Gainer-Large Cap . Tech Mahindra 1,056.50 61.75. As a long-term holder I remain optimistic Trex has a bright future, even if near-term challenges or a potential recession do cause some volatility. What happened. The stock market bounced back a bit from Monday’s drubbing as manufacturing data surprised to the upside on Tuesday. Everything you need to know about the stock market today. Shares of Trex Co. (NYSE:TREX) were trading down 6% on Tuesday afternoon, and were initially down by more than 10%, after the composite-wood manufacturer reported third-quarter results. Why Visa Stock Is Dropping Today. President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of … Alteryx (NYSE: AYX) is in the news Friday after as its earnings report for the second quarter of 2020 continues to drop AYX stock lower. July 30, 2019, 8:36 AM. This comes after a whirlwind rally took shares to an all-time high of $968. Shares of Fulgent Genetics (NASDAQ: FLGT), a genetics testing provider, were dropping sharply on Friday and were down by 13.9% as of 11:37 a.m. EST, after falling by as much as 17.3% earlier in the day.The company did not report any news that scared off investors, but a Wall Street analyst downgraded its stock, which explains its woes on the market today. Why Is Aflac Stock Falling Today – Profiting From Downgrades. The stock market appears to be breaking out of its recent lull. The Dow Jones Industrial average tumbled at the start of the week, losing over 350 points during Monday trading. Benchmarks . The company is clearly in growth mode. Trex stock bounced around a lot today. The data shows that as of October 29, 2020 short interest in Trex Company, Inc. (TREX) stood at 7.71% of shares outstanding, with shares short dropping from 10.05 Million registered in September. Read full article. Has to be deeply oversold. Both MasterCard (MA) and Visa (V) stocks are dropping today on the news that new litigation is problem the next step in their ongoing battle with retailers over allegations that their credit-card fees were improperly fixed. Net income for the third quarter was $42 million, up more than 40% from the $29 million in net income reported in the third quarter of 2018. Ultimately, the direction of the Philippine stock market will be dictated by the global macro... Today's Stock Market News and Analysis - Nasdaq.com Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. Trex stock is up Monday afternoon following the company's strong second-quarter sales due to a number of reasons. Why is the stock market dropping today? View real-time stock prices and stock quotes for a full financial overview. The earnings seemed solid, so why are shares of Trex down on Tuesday? "We continued to experience robust demand for our residential decking products in the third quarter," CEO James E. Cline said in a statement. Returns as of 01/10/2021. Why T-Mobile and Sprint Shares Are Falling Today Three days later VISA Stock’s price reached $76.76 as markets roared back on Wednesday. Trex decking on display in a home improvement store. The market finished near its session lows on Tuesday, with the tech-heavy Nasdaq Composite dropping 4.1%. The Dow Jones industrial average posted solid gains in the stock market today, though several tech heavyweights dragged on the Nasdaq composite.. … There was no company-specific news for the composite-wood manufacturer, but the market is punishing highfliers as fears of a COVID-19 coronavirus-induced recession continue to mount. Stocks fell sharply on Tuesday as another massive drop in tech put the Nasdaq Composite in correction territory and led to the S&P 500's worst three-day stretch in months.. Visa stock is dropping today due to a court ruling regarding a $5.7 billion settlement deal that is being rejected by New York appeals court. If Tesla can’t meet Elon’s guidance, the stock could give back some of its gains. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. Sparking the … Today VISA Stock’s price is down to $74.69. Jamie is not only a big fan of its products, but he believes that the tech giant has a whole lot more to give the world, and hasn't even scraped the surface of its potential. This article was originally published on this site What happened. TOP Ships (NASDAQ: TOPS) shares are trading lower on Monday, after the company priced its 60 million share common stock offering at 13 cents per share. Reasons why the Chinese stock market today, testing its 50-day moving average intraday than 450 energy companies traded public... Fb stock price news and analysis, Dividend, Bonus Issue, quarterly information. Day before it announced its earnings for the fourth quarter of fiscal 2019 after hours! The global sell-off, the day before it announced its earnings for the stock... For a why is trex stock dropping today Financial overview stock had risen 36 % over the comparable period in 2018, led by 24... Dividend, Bonus Issue, quarterly results information, and more about %! 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