In a filing, Ferguson Plc. revealed its Chief Executive Officer Murphy Kevin Michael unloaded Company’s shares for reported $0.11 million on Oct 17 ’23. In the deal valued at $164.94 per share,641 shares were sold. As a result of this transaction, Murphy Kevin Michael now holds 123,469 shares worth roughly $26.55 million.
Then, Graham Ian T. sold 387 shares, generating $63,858 in total proceeds. Upon selling the shares at $164.95, the Chief Legal Officer now owns 5,854 shares.
Before that, Schlicher Jake sold 288 shares. Ferguson Plc. shares valued at $47,580 were divested by the insider at a price of $164.93 per share. As a result of the transaction, Schlicher Jake now holds 7,047 shares, worth roughly $1.52 million.
Raymond James downgraded its Ferguson Plc. [FERG] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. BofA Securities also remained covering FERG and has decreased its forecast on October 31, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on October 17, 2023. It rated FERG as “an Equal weight”.
Price Performance Review of FERG
On Monday, Ferguson Plc. [NYSE:FERG] saw its stock fall -0.61% to $215.01. Over the last five days, the stock has lost -3.83%. Ferguson Plc. shares have risen nearly 11.36% since the year began. Nevertheless, the stocks have risen 67.36% over the past one year. While a 52-week high of $224.86 was reached on 04/08/24, a 52-week low of $126.18 was recorded on 01/03/24. SMA at 50 days reached $208.64, while 200 days put it at $177.28. A total of 2.53 million shares were traded, compared to the trading of 0.94 million shares in the previous session.
Levels Of Support And Resistance For FERG Stock
The 24-hour chart illustrates a support level at 211.82, which if violated will result in even more drops to 208.62. On the upside, there is a resistance level at 219.30. A further resistance level may holdings at 223.58. The Relative Strength Index (RSI) on the 14-day chart is 49.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.43%. Stochastics %K at 22.71% indicates the stock is a holding.
The most recent change occurred on September 01, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $175 price target.
