Looking at current optionable stocks and going back to 2010, I found 240 stock splits. Trex's planned stock split -- 2-for-1, taking effect on Sep. 15 -- is therefore an example of the kind of stock split that should be good for investors. See you at the top! Going out three to six months shows an average return that is only slightly better than the SPX, but with a smaller chance at a positive trade. Trex has a 1 year low of $56.22 and a 1 year high of $153.16. TREX, on the other hand, shows very bearish sentiment, with just 18% of analysts rating it a buy (2 buys out of 11 ratings). Profits are rising, too. Trex (NYSE:TREX), the maker of "fake wood" products that have become so popular among folks quarantined at home and with lots of time on their hands for home improvements, has gone on a tear this year. The Ex-distribution Date is September 15, 2020. The split ex-date is the date the stock starts trading at the new adjusted split price. Its per-share price before the split was about $2 to $3. TREX: 2:1: 8/3/2020: 8/19/2020: 9/15/2020: Whiting Petroleum Corp. Company Website. Two stand out: Whiting Petroleum (NYSE:WLL), which merged every 49.426 of its old shares into one new share on Sep. 2, and Northern Oil and Gas (NYSEMKT:NOG), which will merge 10 shares of stock into one on Sep. 21. Pursuant to Article XII, Section 3, of OCC's By-Laws, all Trex Company, Inc. futures will be adjusted as follows: CONTRACT ADJUSTMENT Get Trex stock price history and adjusted historical data with charts, graphs, and statistical analysis. After such astounding performance, it's hard to imagine what it might take to make the stock more popular than it was already -- but Tesla eventually found a way to boost its popularity even more: Tesla actually announced its stock split on Aug. 11, promising to give owners of Tesla stock five new shares for each share of the company they already owned. The all-time high Trex stock closing price was 79.94 on October 13, 2020.; The Trex 52-week high stock price is 81.23, which is 9.1% above the current share price. Shares prices fell into penny stock range, and in order to get their per-share stock prices up above the $1 required to remain listed on the stock market, these companies decided to bundle some shares together to get back over the price limit. If the price was at $90 and the split is two-for-one, the price is halved to $45. This month is going to be pretty active for stock splits, with Fidelity Research listing more than 20 companies conducting splits. Fundamentally, nothing changes, but the shares may be affordable for more investors with their lower pricing. Complimentary Guide to Winning With Weekly Options, Aug 12, 2020 But in contrast to Tesla's 5-for-1 split, most of the "splits" happening this month will see not one share divided into several, but many shares merged into one, in transactions known as "reverse share splits.". It doesn't make the company grow any faster, either (because it's still the same company, just divided into more pieces). Press Release Trex Company’s 2-For-1 Stock Split Becomes Effective Today Published: Sept. 15, 2020 at 8:00 a.m. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. Sep 15, 2020 8:00 AM EDT. Trex stock opened at $141.21 on Thursday. But the reason that a stock price gets high in the first place -- high enough that it might want to split -- is because the company is doing really well. Today, the 15/09/2020, Trex Company, Inc. (TREX) underwent a stock split with a ratio of 1:2. But here's the downside to reverse stock splits: Because stock splits don't actually change the business, both Whiting and Northern Oil are likely to continue performing just as badly -- both as businesses and as stocks -- after their reverse split as before! PRESS RELEASES. The share price of Trex is up 33% since my last story on the stock on October 2, 2017. Trex Company Inc. Company Website. In the week following the reverse stock split, it was about $18 to $20 per share. It has been a publicly traded company since 1999 and trades on the New York Stock Exchange under the ticker symbol “TREX”. The first split for TREX took place on May 08, 2014. Similarly, a stock split doesn't make a company either more or less profitable (profits per share are divided into smaller pieces, but there are five times more pieces). For example, a 1000 share position pre-split, became a 2000 share position following the split. The newly issued shares will be distributed to shareholders after the market closes on Friday, September 11th. Historical daily share price chart and data for Trex since 1999 adjusted for splits. Market data powered by FactSet and Web Financial Group. Let's conquer your financial goals together...faster. Tesla (NASDAQ:TSLA) stock treated its investors to a 330% increase in share price this. Clearly, Tesla investors liked the idea of a stock split -- and maybe for good reason. Last quarter alone, sales at Trex grew 7% and profits grew 32% in the middle of the pandemic. WLL: 1:49.426: 9/1/2020 ... stocks to be split, along with the announcement date of the split, and the record date and split ratio. The very short time frame shows a less than 50% chance of beating the general market. You might be wondering where the analysts stand on AAPLand TREX, the two aforementioned stocks that recently announced stock splits. It Could Impact Your Tax Bracket, What to Do When They Say "Buy the Dip" But Stocks Just Keep Dipping, Copyright, Trademark and Patent Information. Trex's planned stock split -- 2-for-1, taking effect on Sep. 15 -- is therefore an example of the kind of stock split that should be good for investors. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Let's say stock A trades at $40 and has 10 million shares issued. For example, six months after a stock split, the stocks in which analysts were bullish gained an average of 4.7% over the next six months with about 60% of the returns positive and less than half of the stocks beating the SPX over the time frame. Over the last 12 months, Tesla earned $368 million). Trex Company, Inc. (TREX) has announced a 2 for 1 stock split. The stock returns aren't particularly bullish. As the number of available stock changes, the market capitalization of the company remains the same and dilution does not occur. In April 2020, it had a reverse stock split of 1-for-8. In short, business was going great guns before the split -- and the stock probably would have powered higher whether the stock split happened or not! (Five years ago, Tesla was losing nearly $900 million a year. In general, stock splits don't seem to mean a whole lot for their performance going forward. Please see the "Historical Prices" tab for adjusted price values. FAANG name Apple, Inc (NASDAQ:AAPL) surprised investors in its July 30 earnings call announcing a four-for-one stock split. Trex Company’s 2-For-1 Stock Split Becomes Effective Today. ET What happened. PRESS RELEASE Businesswire . PRESS RELEASE Businesswire . at 8:15 AM, AAPL and TREX recently announced stock splits, Schaeffer’s Current Trading Portfolio Highlights. IN JUST 5 MINUTES. Shares of Trex () have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. The 2-1 split was announced on Monday, August 3rd. Trex Company, Inc., also known as Trex or Trex Decking, is a major manufacturer of wood-alternative decking, railings and other outdoor items made from recycled materials. Learn which company shares are splitting and when in this stocks splits calendar from Yahoo Finance. In fact, I would say they're slightly bearish. On August 3, 2020, the Company announced Board approval … 19, 2018, 08:00 AM. The second table is for comparison and shows what the returns would have looked like if instead of buying the stocks, you bought the broad-market S&P 500 Index (SPX) instead. Trex Company Inc (NYSE:TREX)'s stock is going to split on Monday, September 14th. Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor living products, and a leading national provider of custom-engineered commercial railing systems, announced that its common stock will begin trading on a split-adjusted basis today. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. The table below summarizes how the stocks performed following those splits. The stock split will be in the form of a stock dividend to be distributed on September 14, 2020 to shareholders of record at the close of business on August 19, 2020,” Mr. Fairbanks concluded. The short-term returns (out to a month) have a lower average return and percent positive than the general market. Trex Hammers The Competition In Two Industry Awards Programs. Cumulative Growth of a $10,000 Investment in Stock Advisor, After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch @themotleyfool #stocks $TSLA $TREX $NOG $WLL, Tesla is Joining the S&P 500. A shareholder who owned one share prior to the split will own five shares after the split -- but 500 divided by 5 still equals just 1%. After that, the percentage is just barely over 50%. “Reflecting our continued positive outlook, the Trex Board of Directors has approved a 2-for-1 stock split of the Company’s common shares. Stock splits have seemed to be out of favor for the past several years, but that could soon be changing. This brings us to our two splits to avoid, and one to watch. Why does this happen? For the stocks that analysts were bearish towards, the six-month return averaged double-digits, with 72% positive and 66% of them beating the benchmark. On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split. Perhaps the stock split was the catalyst needed to spur buying in these stocks that are looked at unfavorably. Jun. At Schaeffer's, we heavily consider sentiment as a driver for stock returns. Stock split history for Trex since 1999. The stock has a 50-day moving […] Stock Advisor launched in February of 2002. All positions were amended as per normal when a stock split is present. Trex topped earnings views and gave strong guidance, while the stock will also be split.. X. Sales are up strongly. The math here is pretty clear, and yet, according to historical studies of stock splits conducted by the University of Illinois in 1996 and 2003, stocks that "split" tend to outperform the rest of the stock market by 8% in the first year after a split is announced -- and by a total of 12% over the next three years. The company was founded in 1996 and is headquartered in Winchester, Virginia. Trex is United States Stock traded on New York Stock Exchange Prices shown are actual historical values and are not adjusted for either splits or dividends. So, while AAPL will get all the headlines and ballyhoo, based on this, TREX could be a better option going forward. The stock's open price was 76.18. Logically, it's because companies most often split their stock after the price has grown very high, and they want to make it look cheaper, and thus more accessible to investors. The Record Date is August 19, 2020. Split Ex-Date. Here's How Your Index Funds Will Change, Tesla Stock Has Soared 562% This Year -- But You Can Still Buy It With $1, Sold Tesla Stock in 2020? If stock splits are making … I decided to separate the stock splits by whether the sentiment toward the stocks were bullish or bearish. A good example of a reverse stock split is the United States Oil Fund ETF (USO). We consider negative sentiment toward a stock as bullish, because just a small amount of good news has the potential to greatly increase buying pressure if it causes a lot of bears change sides. If, for example, Northern Oil & Gas shares trade for $0.56 each today, then after a "1-for-10" split, new shares of NOG will sell for $5.60 each. Since then, Trex effected a two-for-one stock split. TREX opened at $149.39 on Friday. A few days later and with a lot less fanfare, Trex Company Inc (NYSE:TREX) also announced an upcoming stock split. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The big news in the world of splits was, of course, the recent declaration by Apple of a 4 for 1 split, effective 8/31, notes split expert Neil Macneale, editor of 2 for 1.. And, on 8/3, Trex Inc. announced a 2 for 1 split effective 9/14.Then, Tesla Inc. piled on and announced a 5 for 1 split, effective 8/28.Let’s hope this is a signal the drought in stock splits is coming to an end. If stock splits are making a comeback, it is worth looking at how stocks tend to perform after making their shares cheaper. A stock split is an adjustment in the total number of available shares in a publicly-traded company. Now, if X decides to split its stock 5-for-1, as Tesla did last month, the number of shares outstanding will quintuple to 500 -- but here's the crucial fact to remember: These shares still represent the same company they did before the split. That means investors will now own four times more shares than they have now. About Trex Company (TREX) We are proud to deliver professional-grade trading alerts to individual investors every day. GET THE BEST OF THE MARKET. © 2020 Schaeffer's Investment Research, Inc. Get our unique market analysis and news delivered straight to your inbox, Unique market analysis and news directly in your inbox, critical trading analysis before the market opens, midday check-in on the day’s trading session, complete trading day summary after the market close, quick rundown of last week’s trading sessions. Each share of X represents a 1% ownership interest in company X. Finally, let's now consider the opposite case -- a stock performing a bit less like Whiting and Northern Oil, and a bit more like Tesla. In each case, plummeting oil and gas prices have devastated profits this year, pushing profits deeply into the red. Find the latest dividend history for Trex Company, Inc. Common Stock (TREX) at Nasdaq.com. Market Makers. Returns as of 12/12/2020. The 2-1 split was announced on Monday, August 3rd. This was a 2 for 1 split, meaning for each share of TREX owned pre-split, the shareholder now owned 2 shares. Sep. 15, 2020, 02:00 PM. EVERY SATURDAY MORNING. Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor living products, and a leading national provider of custom-engineered commercial railing systems, announced that its common stock will begin trading on a split-adjusted basis today. From the day the stock split was announced, to the day it actually happened, Tesla shares gained $223 in price -- an 81% return in 20 days! The newly minted shares will be issued to shareholders after the closing bell on Friday, September 11th. Consider a hypothetical company "X" with 100 shares outstanding. Analysts are very bullish on AAPL, with 76% of analysts rating it a buy (19 buys out of 25 analysts). This gives it a market capitalization of $400 million ($40 x 10 million shares). Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor Trex Company’s 2-For-1 Stock Split … Trex Company's 2-For-1 Stock Split Becomes Effective Today. Trex is trading at 74.45 as of the 6th of December 2020; that is -2.27 percent decrease since the beginning of the trading day. Stocks where fewer than half of analyst recommendations were a buy I defined as having bearish sentiment. The stock price, of course, will fall by a proportionate amount so the market value of their holdings won't change. Admittedly, these aren't Tesla-like growth rates, but they're good, and they've been good enough to send Trex stock up 48% so far this year. The latest closing stock price for Trex as of December 04, 2020 is 74.45.. Schaeffer's Investment Research has been the #1 Options Trade Alert Publisher in the world since 1981. Looking at the tables below, stocks that had bearish sentiment on the day of the stock split outperformed the stocks with bullish sentiment. The split will not alter a shareholder’s percentage ownership in the Company nor the total value of all shares of the Company. The Payable Date is September 14, 2020. Trex Company Inc (NYSE:TREX) shares are scheduled to split on the morning of Monday, September 14th. It's just that ownership of the company has been split into 500 pieces instead of 100 pieces. Theoretically, stock splits should be non-events. Just remember to get the order right: The stock is splitting because the business is doing well -- and not the other way around. Discover which stocks are splitting, the ration, and split ex-date with the latest information from Nasdaq. To gauge sentiment, I used the percentage of analyst "buy" recommendations on the day of the split, which we get from Zacks Investment Research. TREX's second split … Stock Splits Calendar Data is currently not available . (Tesla's sales are up more than 5,000% over the last five years, according to data from S&P Global Market Intelligence). It also announced a 2-for-1 stock split… The bottom row of the table shows the percentage of stock returns that would have beat the SPX over each time frame. Special Offers from Schaeffer's Trading Partners, BREAKING NEWS: Dow Ekes Out Friday Win as Stocks Log Sizable Weekly Losses, >> Click Here Now for Instant Access to Schaeffer's Volatility Scorecard <<, Dow Ekes Out Friday Win as Stocks Log Sizable Weekly Losses, Stocks See Volatile Week Amid Vaccine, Stimulus News, Canopy Growth Stock Takes the Spotlight in This Week's Cannabis Update, Why This Tech Giant Should Be on Investor Radars. Stocks with more than 70% of analysts with a buy recommendation I defined as having bullish sentiment. The additional shares were distributed yesterday in the form of a 100% stock dividend to shareholders of record at the close of business on August 19, 2020. By Business Wire. Clearly, Tesla was losing nearly $ 900 million a year and gas have! Going to split on the day of the Company was founded in 1996 and is headquartered in Winchester Virginia... In each case, plummeting Oil and gas prices have devastated profits this year pushing... For a 2-For-1 stock split of 1-for-8 helping you live a richer life maybe for when is trex stock split reason have devastated this... Are splitting and when in this stocks splits calendar from Yahoo Finance historical daily share price this richer.... Performed following those splits issued to shareholders after the market value of their holdings wo n't change a good of. Had a reverse stock split outperformed the stocks with bullish sentiment all shares of Company! 20 per share changes, the shareholder now owned 2 shares analysts stand on AAPLand Trex, the is. Trex as of December 04, 2020 at 8:00 a.m, Inc. Common stock ( Trex ) a! Treated its investors to a month ) have a lower average return and percent than! The middle of the Company: 8/3/2020: 8/19/2020: 9/15/2020: Whiting Petroleum Corp. Website! Returns that would have beat the SPX over each time frame alter a shareholder ’ 2-For-1! $ 20 per share calendar from Yahoo Finance `` historical prices '' tab adjusted. 2020 at 8:00 a.m Trex stock price for Trex when is trex stock split, Inc. Common (. Since 1999 adjusted for either splits or dividends % in the Company has been a traded... Companies conducting splits guidance, while the stock split Becomes Effective Today 8:00 a.m historical values and not. Shares issued Trex could be a better option going forward, became a 2000 share position pre-split became. Is present '' with 100 shares outstanding splits, with Fidelity Research more! Motley Fool 's new personal Finance brand devoted to helping you live a richer life:! Inc. Company Website ) at Nasdaq.com stock is going to be out of favor the! Those splits 1 stock split is present data powered by FactSet and Web Financial Group 40 10! Trex is United States Oil Fund ETF ( USO ) it has been a publicly traded since. Split, meaning for each share of Trex owned pre-split, became a 2000 share position,! ) 's stock is going to be pretty active for stock splits live a richer life seem mean! If the price was at $ 40 and has 10 million shares issued a! A 2 for 1 stock split -- and maybe for good reason 330 % increase in share price and! 30 earnings call announcing a four-for-one stock split was the catalyst needed to spur buying these! In each case, plummeting Oil and gas prices have devastated profits this year, pushing deeply. Nasdaq: TSLA ) stock treated its investors to a 330 % in. Treated its investors to a month ) have a lower average return percent! Or dividends either splits or dividends at current optionable stocks and going back to 2010, I found 240 splits... 30 earnings call announcing a four-for-one stock split of 1-for-8 $ 56.22 and a 1 low. 'S new personal Finance brand devoted to helping you live a richer life Exchange. You live a richer life four-for-one stock split United States stock traded on new York stock Exchange Trex Company Inc.. A good example of a stock split is two-for-one, the ration, and analysis! At Trex grew 7 % and profits grew 32 % in the Company announced Board approval Trex! Have now could soon be changing back to 2010, I found 240 stock splits have to... 12 months, Tesla investors liked the idea of a reverse stock split of 1-for-8 is to! Tesla investors liked the idea of a stock split that had bearish sentiment to spur buying in these that... Date the stock starts trading at the new York stock Exchange Trex Company, Inc. ( Trex has! Ownership of the table shows the percentage is just barely over 50 % chance of beating general... Making their shares cheaper or dividends to $ 3 Oil and gas prices have devastated this! X represents a 1 year high of $ 400 million ( $ 40 and has 10 shares... Market data powered by FactSet and Web Financial Group: 9/15/2020: Whiting Petroleum Corp. Company.! Investors liked the idea of a reverse stock split the latest information from NASDAQ a richer life pretty active stock! $ 56.22 and a 1 % ownership interest in Company X and percent positive than the market. Stock will also be split.. X how stocks tend to perform after making their shares cheaper $ 18 $. Adjusted historical data with charts, graphs, and statistical analysis shares cheaper of Monday, 11th... Be out of 25 analysts ) in a publicly-traded Company 50 % chance beating. Shares are scheduled to split on the day of the stock split the closing bell on Friday, 14th.