October 18, 2021

Notable News to Focus: Terex Corporation (NYSE:TEX)

Terex Corporation (NYSE:TEX) stock observed trading -5.88% off 52-week high price. On the other end, the stock has been noted 195.32% away from low price over the last 52-weeks. The stock disclosed a move of 20.86% away from 50 day moving average and 68.96% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.50% off 20-day moving average. It has market cap of $2.32B.

On Dec. 14, 2020, Terex Corporation (NYSE:TEX) revealed that Christopher Rossi has been appointed to the Company’s Board of Directors, effective January 1, 2021. Mr. Rossi is President and Chief Executive Officer of Kennametal Inc., a global supplier of tooling and industrial materials. Kennametal engages in the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications. Since assuming the role in 2017, he has been leading the company through a series of initiatives to drive growth, simplify business processes and modernize manufacturing facilities. He will become the eighth current member of the Terex Board of Directors.

I am delighted to welcome Chris Rossi to the Terex Board of Directors, said John L. Garrison, Jr., Chairman and Chief Executive Officer and President, Terex Aerial Work Platforms. Chris is a highly experienced leader of global businesses with a track record of leading transformation and growth under all market conditions. He is a strong proponent of a vibrant corporate culture focused on performance and accountability, and we see an excellent fit with Terex.

Prior to joining Kennametal, Mr. Rossi held senior positions for 30 years at Dresser-Rand Group, an engineering and manufacturing company that serves customers in the petroleum and natural gas industries. At Dresser-Rand, he was part of a leadership team that led a successful transformation and annual revenue growth from $1 billion to $3 billion. Following this turnaround, Siemens purchased Dresser-Rand Group for $7.6 billion in 2015. As Chief Executive Officer, Mr. Rossi led the combining of the legacy Dresser-Rand and Siemens Compression and Modules businesses to form the Oil & Gas division of Siemens.

The USA based company Terex Corporation moved with change of -3.70% to $34.08 with the total traded volume of 608274 shares in recent session versus to an average volume of 730.02K shares. The stock was observed in the 5 days activity at -0.73%. The one month performance of stock was 21.84%. TEX’s shares are at 72.38% for the quarter and driving a 14.09% return over the course of the past year and is now at 14.44% since this point in 2018.  Right now the stock beta is 1.55. The average volatility for the week and month was at 3.64% and 3.53% respectively. There are 69.30M shares outstanding and 66.41M shares are floated in market.