Virginia-based industrial company Trex Company Inc. (TREX) has slipped 9% in the market on Tuesday. The company has not reported any stock-specific news to result in the drop in shares.
The company started to lose ground after a six-day rise from the start of the month. In the past 30 days, the shares have lost 16% of their value.
The shares are currently trading at $95.22, down $7.82 or 7.59% since their previous close at $103.04 on Monday. The stock opened at $99.61 in the morning and in the 52-week period, the shares have ranged between $64.26 and $114.61.
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