Terex Corporation (TEX) Moves Higher on Volume Spike for February 19

Terex Corporation (TEX) Moves Higher on Volume Spike for February 19

Terex Corporation (TEX) traded on unusually high volume on Feb. 19, as the stock gained 8.08% to close at $35.60. On the day, Terex Corporation saw 2.45 million shares trade hands on 18,905 trades. Considering that the stock averages only a daily volume of 848,338 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $45.47 and $25.47 over the last 52-weeks, its 50-day SMA is now $29.35, and its 200-day SMA $36.17. Terex Corporation has a P/B ratio of 2.69. It also has a P/E ratio of 19.

Based in Westport, CT, Terex is a global manufacturer of cranes, materials processing equipment, and aerial work platforms. Its current composition is a result of numerous acquisitions over several decades and a recent shift in focus to its three core segments, after divesting of a handful of underperforming businesses. These remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management. North America is its largest market, accounting for 55% of revenue, whereas Western Europe accounts for 24%; Asia-Pacific, 12%; and the rest of world, 9%.

Headquartered in Westport, CT, Terex Corporation has 10,700 employees and is currently under the leadership of CEO John L. Garrison.

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