Fluor Corporation [FLR] Director makes an insider acquire of 40,000 shares worth 1,025,320.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fluor Corporation shares valued at $1,025,320 were purchased by ROSE MATTHEW K on May 12. At $25.63 per share, ROSE MATTHEW K acquired 40,000 shares. The insider’s holdings grew to 80,764 shares worth approximately $2.08 million following the completion of this transaction.

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Also, HACKETT JAMES T purchased 10,000 shares, netting a total of over 258,400 in proceeds. Following the buying of shares at $25.84 each, the insider now holds 20,000 shares.

Before that, HACKETT JAMES T had added 30,000 shares to its account. In a trade valued at $763,800, the Director bought Fluor Corporation shares for $25.46 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $0.26 million.

As published in a research note from Robert W. Baird on February 23, 2022, Fluor Corporation [FLR] has been rated up from a Neutral to an Outperform and the price target has been revised to $29 from $30. This represents a 11.21% premium over Wednesday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. Earlier on January 21, 2021, Vertical Research upgraded its rating. Their new recommendation was “a Buy” for FLR stock which previously was a “a Hold”.

Analyzing FLR’s Price Performance

On Wednesday, Fluor Corporation [NYSE: FLR] plunged -0.12% to $25.75. The stock’s lowest price that day was $25.73, but it reached a high of $26.73 in the same session. During the last five days, there has been a drop of approximately -3.67%. Over the course of the year, Fluor Corporation shares have jumped approximately 3.96%. Shares of the company reached a 52-week high of $31.32 on 04/18/22 and a 52-week low of $19.80 on 02/24/22. A 50-day SMA is recorded $25.91, while a 200-day SMA reached $25.41. Nevertheless, trading volume fell to 1.92 million shares from 1.56 million shares the previous day.

Support And Resistance Levels for Fluor Corporation (FLR)

According to the 24-hour chart, there is a support level at 25.41, which, if violated, would cause prices to drop to 25.07. In the upper region, resistance lies at 26.41. The next price resistance is at 27.07. RSI (Relative Strength Index) is 44.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 79.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Fluor Corporation subject to short interest?

Stocks of Fluor Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.13 million shares to 15.38 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 16.51 million shares. A decline of -7.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.33 of the overall float, the days-to-cover ratio (short ratio) decline to 8.33.

Which companies own the most shares of Fluor Corporation (FLR)?

According to Wellington Management Co. LLP filings, the company currently owns 15,230,340 shares, which is about 10.72% of the total FLR shares outstanding. The investor’s shares have appreciated by 1,780,662 from its previous 13-F filing of 13449678.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $392,184,018. The Vanguard Group, Inc. acquire a 1.10% interest valued at $349.15 million while Fidelity Management & Research Co purchased a 1,931,552 stake. A total of 14,046 shares of Fluor Corporation were bought by Newton Investment Management Nort during the quarter, and -930,685 were sold by Hotchkis & Wiley Capital Manageme. In its current portfolio, SSgA Funds Management, Inc. holds 4,623,677 shares valued at $122.25 million.

In terms of Fluor Corporation share price expectations, FactSet research, analysts set an average price target of $27.57 in the next 12 months, up nearly 0.85% from the previous closing price of $25.78. Analysts anticipate Fluor Corporation stock to reach $34.00 by 2022, with the lowest price target being $24.00. On April 27, 2020, UBS assigned a price target of “a Neutral” to the stock and downgraded coverage with a $11.


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