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.

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Dennis Morris

Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.

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