Strength Seen in Terex (TEX): Can Its 8.5% Jump Turn into More Strength?
TEXTerex (TEX) ZACKS·2024-07-17 19:00

Terex (TEX) shares ended the last trading session 8.5% higher at 60.43.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s3.660.43. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.6% gain over the past four weeks.Terex has been witnessing strong demand for its products across multiple businesses and all major geographies, which is expected to reflect on its upcoming second-quarter 2024 results. Its backlog was 3.1 billion at the end of the first quarter, which was signi ...