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Why Trex Stock Slumped This Week but Could Rebound

·2 min read
Why Trex Stock Slumped This Week but Could Rebound
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After a solid rally since June, shares of Trex (NYSE: TREX) started to reverse course in September and are extending their losses this month. According to data from S&P Global Market Intelligence, Trex stock shed 10.5% this week. Analyst Timothy Wojs anticipates lower demand for decking in the third and fourth quarters primarily due to labor and materials constraints and seasonality.