Why Trex Stock Was Up 45% in the First Half of 2020
Shares of composite-decking company Trex (NYSE: TREX) rose 44.7% in the first half of 2020, according to data provided by S&P Global Market Intelligence. It was a quick turnaround. The stock fell hard when the market crashed, as investors questioned how much homeowners would want to tackle a deck project during a pandemic.
Trex's sales, however, have held up well. And management's attention to profitability continues to pay off. This is why the stock rallied to market-beating returns.
Source Fool.com