Published on 12 Mar 2024 on Zacks via Yahoo Finance

Terex Corporation (TEX) Is a Trending Stock: Facts to Know Before Betting on It

Terex (TEX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this machinery products maker have returned -1.3%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Manufacturing - Construction and Mining industry, which Terex falls in, has gained 5.4%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.