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. Ferguson Plc. shares valued at $105,769 were sold by Murphy Kevin Michael on Oct 17 ’23. At $164.94 per share, Murphy Kevin Michael sold 641 shares. The insider’s holdings dropped to 123,469 shares worth approximately $26.95 million following the completion of this transaction.
Also, Graham Ian T. sold 387 shares, netting a total of over 63,858 in proceeds. Following the sale of shares at $164.95 each, the insider now holds 5,854 shares.
Before that, Schlicher Jake had sold 288 shares from its account. In a trade valued at $47,580, the insider traded Ferguson Plc. shares for $164.93 each. Upon closing the transaction, the insider’s holdings decreased to 288 shares, worth approximately $1.54 million.
As published in a research note from Raymond James on January 08, 2024, Ferguson Plc. [FERG] has been rated down from an Outperform to a Mkt perform. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of October 31, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for FERG. Earlier on October 17, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for FERG stock.
Analyzing FERG Stock Performance
During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, Ferguson Plc. shares have jumped approximately 13.05%. Shares of the company reached a 52-week high of $224.86 on 04/08/24 and a 52-week low of $183.74 on 01/03/24. A 50-day SMA is recorded $207.60, while a 200-day SMA reached $176.66. Nevertheless, trading volume fell to 1.55 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Ferguson Plc. (FERG)
According to the 24-hour chart, there is a support level at 216.25, which, if violated, would cause prices to drop to 214.25. In the upper region, resistance lies at 219.79. The next price resistance is at 221.32. RSI (Relative Strength Index) is 56.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 65.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ferguson Plc. subject to short interest?
Stocks of Ferguson Plc. saw a sharp steep in short interest on Mar 15, 2024 dropping by 90000.0 shares to 2.62 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.71 million shares. A decline of -3.44% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.27 of the overall float, the days-to-cover ratio (short ratio) decline to 2.27.
