Alkermes Analyst Starts Coverage Positively; Check Out the Top 3 Initiations for Tuesday
Analyst Coverage Initiations: Piper Sandler initiated coverage on Li Auto Inc with a Neutral rating and a price target of $19, while Truist Securities gave Alkermes Plc a Buy rating with a target of $50, and Needham rated Waystar Holding Corp as a Buy with a target of $46.
Current Stock Prices: As of Monday, Li Auto shares closed at $20.18, Alkermes at $32.65, and Waystar at $36.11, indicating varying market responses to the analysts' ratings.
Market Overview: The article provides a snapshot of stock performance for several companies, including Applied Optoelectronics, Skyworks Solutions, and Trex Co, highlighting their current prices and percentage changes.
Investment Advice Disclaimer: The content is sourced from Benzinga, which clarifies that it does not provide investment advice and all rights are reserved.
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Trex Company (TREX) Under Investigation for Sales Practices, 2025 Growth Slashed to 0%
- Investigation Background: Hagens Berman is investigating Trex Company for potential undisclosed sales practices, possibly inflating sales figures by overstocking its 'pro channel' partners, leading to a downward revision of 2025 sales growth expectations from +7% to 0%.
- Stock Impact: Trex's stock plummeted 31% on November 5, 2025, resulting in a market cap loss of approximately $1.5 billion, as its Q3 report revealed net sales of $285 million, falling short of market expectations and indicating softening demand.
- Production Strategy Scrutiny: Trex claimed its 'level-loading' production strategy would reduce inventory volatility; however, the investigation will focus on whether this strategy masked a decline in end-user demand, adversely affecting financial performance.
- Investor Call to Action: Hagens Berman encourages investors who suffered losses to reach out for legal support and invites individuals with relevant information to assist in the investigation, highlighting the importance of transparency in corporate practices.

Trex Company Faces Securities Investigation as Shares Plunge 31%
- Financial Performance Decline: Trex reported Q3 2025 net sales of $285 million, falling 5% below the midpoint of its guidance and showing a sequential decline of approximately 26%, indicating significant challenges in sales growth and inventory management.
- Profitability Pressure: The company experienced a 12% decline in net income per share for the nine months ended September 30, 2025, reflecting profitability pressures amid weak market demand and inventory adjustments, which could impact future investor confidence.
- Sales Guidance Revision: Trex revised its 2025 sales growth forecast down to nearly 0% and anticipates a “muted” fourth quarter, signaling a pessimistic outlook on market conditions that may lead to further stock price volatility.
- Stock Price Plunge: Following the disappointing earnings report on November 4, 2025, Trex's share price plummeted from $47.04 to $32.43, a decline of 31.07%, reflecting investor disappointment in the company's future performance and a crisis of confidence in management.









