Trex Co Inc (TREX) Files Form 4 Insider Selling : Frank H Jr Merlotti Sells 1,709 Shares

Trex Co Inc (TREX): Frank H Jr Merlotti , director of Trex Co Inc sold 1,709 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $41.31 per share for a total value of $70,383.68 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, James E Cline (President and CEO) sold 6,386 shares at $43.09 per share price.On Apr 18, 2016, William R. Gupp (Sr VP,Gen. Counsel & Secretary) sold 11,648 shares at $49.90 per share price.Also, On Mar 3, 2016, Christopher Paul Gerhard (Vice President, Sales) sold 3,030 shares at $43.80 per share price.On Mar 2, 2016, Patricia B Robinson (director) sold 5,800 shares at $43.18 per share price.

Trex Company: On Monday, May 16, 2016 heightened volatility was witnessed in Trex Company which led to swings in the share price. The shares opened for trading at $41.57 and hit $42.37 on the upside , eventually ending the session at $41.58, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 3,88,464 shares. The 52-week high of the share price is $53.56 and the company has a market cap of $1,220 M . The 52-week low of the share price is at $31.11.

Trex Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Trex Company is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .The Rating was issued on Apr 4, 2016.Trex Company is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 50 from a previous price target of $54 . The Rating was issued on Feb 26, 2016.

Trex Company Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing Trex Select Railing and Trex Reveal aluminum railing. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Company’s steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Company’s cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.

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