Terex Corporation (TEX) has risen sharply, recording gains of 8.81% in the past 4 weeks. However, the stock has corrected -3.71% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.7% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.35% and the 50-Day Moving Average is 8.71%. Terex Corporation (NYSE:TEX): On Fridays trading session , Opening price of the stock was $23.77 with an intraday high of $23.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.57. However, the stock managed to close at $23.59, a loss of 0.67% for the day. On the previous day, the stock had closed at $23.75. The total traded volume of the day was 593,563 shares.
The company Insiders own 3.7% of Terex Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.51% . Institutional Investors own 81.62% of Terex Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.48%. Also, Jefferies downgrades its rating on Terex Corporation (NYSE:TEX). Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 9, 2016.
Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.