News & Events zu Trex Company Inc (TREX)TREXTrex Company Inc

Morgan Stanley Raises Amazon Price Target to $350

Following a two-week-long correction of over 6%, the Nasdaq Composite bounced by over 1% on Monday as the AI trade staged recovery.   Tech was also one of the stronger sectors in the S&P 500, where a 6% bounce in AI buildout exposed names like Western Digitaland SanDiskhelped to pace the index to 0.4% gains for the day.  Consumer Cyclicals, however, was the best-performing sector in the benchmark thanks to the 5% bounce in shares of Amazonfollowing a bullish note from Morgan Stanley, which named the stock its "top pick" and raised its price target to $350 per share.   On the flip side, Utilities was the worst-performing sector in the S&P, with a 4 basis point bounce in 10-year Treasury yields to 5.14% balancing its income appeal.In the opening hour of the evening session, S&P e-Minis and Nasdaq 100 contracts are both up a decimal. In commodities, WTI  Crude Oil backed away from the $100-a-barrel level, though the contract is still up about 13% from the sub-$90 lows seen just two weeks ago.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.0%Washington Trust Bancorpup 3.0%Zions Bancorporationup 0.9%ALSO HIGHER -3M Companyup 5.2% after announcing GSEO collaborationBitdeer Technologiesup 4.0% after September production reportJELD-WENup 3.0% after CFO transition, affirmed guidanceTrex Companyup 2.0% after Stifel upgrade to BuyDOWN AFTER EARNINGS -Crown Holdingsdown 5.5%Steel Dynamicsdown 5.1%W. R. Berkleydown 2.1%ALSO LOWER -FreightCar Americadown 19.3% after negative Q3 pre-announcementTorrid Holdingsdown 2.2% after CFO transition

Flexsteel Appoints Anand Kangala as Independent Director

Flexsteel Industries (FLXS) announced the appointment of Dr. Anand Kangala as an independent director of the company. Kangala will also serve on the Board's Audit & Ethics Committee. Kangala is Chief Digital and Technology Officer of Trex Company (TREX).

BlueLinx Forms Strategic Distribution Partnership with Trex

BlueLinx Holdings (BXC) announced a strategic distribution partnership with Trex Company (TREX). BlueLinx will distribute Trex decking and railing products across a broad service territory supported by its distribution centers in Indianapolis, St. Louis, Cincinnati, Erwin, Nashville, Atlanta, Birmingham, Memphis, Gulfport, Little Rock and Monroe. The territory spans key markets throughout Missouri, Illinois, Ohio, Kentucky, West Virginia, Tennessee, Arkansas, Louisiana, Mississippi, Alabama and Georgia. Initial product shipments are expected to begin arriving at BlueLinx locations during the first week of September, with all participating locations expected to receive their initial inventory before the end of the month.