Tonix Pharmaceuticals stock halted ahead of FDA approval news
In a recent securities filing, Amy M. Fernandez, Senior Vice President, Chief Legal Officer, and Secretary of Trex Co Inc (NYSE:TREX), reported selling 2,366 shares of the company’s common stock. The company, currently valued at $6.6 billion, has shown significant stock price volatility according to InvestingPro data. The shares were sold on May 12, 2025, at a weighted average price of $61.1725, with transaction prices ranging from $61.12 to $61.20. This sale totals approximately $144,734. Following the transaction, Fernandez holds 24,569 shares directly. The stock currently trades near its Fair Value based on InvestingPro analysis, with 13 analysts recently revising their earnings expectations downward. InvestingPro subscribers have access to 10 additional key insights about TREX, along with comprehensive financial metrics and expert analysis in the Pro Research Report.
In other recent news, Trex Company Inc. reported its first-quarter 2025 earnings, showing a revenue of $340 million, which exceeded forecasts by approximately $10.88 million. The company also met earnings per share (EPS) expectations at $0.60. Despite the strong earnings, Stephens downgraded its stock price target from $73 to $65, maintaining an Equal Weight rating due to concerns about gross margins and the continuation of temporary cost increases. Conversely, Benchmark maintained a Buy rating with an $80 target, citing Trex’s robust performance in the first quarter and positive outlook for the second quarter. DA Davidson kept a Neutral rating with a $60 target, highlighting Trex’s reaffirmed full-year outlook with anticipated sales growth of 5%-7% and EBITDA margins exceeding 31%. The company faces challenges such as competitive pressures and potential economic impacts on consumer spending. However, Trex’s strategic positioning and product innovations have bolstered its market presence, with continued demand for its premium products and a strong shelf presence in major retailers.
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