Trex Co Inc (TREX) Files Form 4 Insider Selling : James E Cline Sells 6,386 Shares

Trex Co Inc (TREX): James E Cline , President and CEO of Trex Co Inc sold 6,386 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $43.09 per share for a total value of $275,276.66 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, James E Cline (President and CEO) sold 6,679 shares at $49.88 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.

Shares of Trex Company (TREX) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -2.07 points or -4.49% at $44.02 with 15,19,529 shares getting traded. Post opening the session at $49.49, the shares hit an intraday low of $41.7 and an intraday high of $50 and the price vacillated in this range throughout the day. The company has a market cap of $1,314 M and the number of outstanding shares has been calculated to be 2,98,46,851 shares. The 52-week high of Trex Company is $53.56 and the 52-week low is $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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