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Why Trex Stock Was Up Today

TheMotleyFool

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Shares of Trex (NYSE: TREX), the leading maker of alternative decking and railing products, were gaining after the company posted better-than-expected results in the first quarter.

As of 10:05 a.m. ET, the stock was up 9.7%.

Trex's business is closely tied to the housing and home improvement market, and as the housing market has slowed, so has demand for its products.

Source Fool.com

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