Why trex Is Trending Today?

Trex Company, Inc. (TREX) stock price dropped to a 52-week low after the company withdrew its growth guidance and is under investigation for potential securities fraud. Meanwhile, Trex is set to conduct a controlled burn in the Green River Game Lands today, which may cause visible smoke in the area. In unrelated news, AMD, Humana, Novo Nordisk, Kratos, Arista, Axon, Rivian, Super Micro, and other companies were also mentioned as movers in a Barron's report. Additionally, Evotrex, a hybrid RV startup backed by Anker, has raised $16 million in pre-A funding.

Trex, a leading manufacturer of composite decking, has seen its stock price fluctuate significantly today, with analysts at Truist lowering their price target to $50 due to inventory concerns. The company's shares have been among the biggest movers midday, along with other notable stocks such as AMD, Humana, and Rivian.