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A Guide To The Risks Of Investing In Ferguson Plc. (FERG)

In a filing, Ferguson Plc. revealed its Director Baker Kelly A acquired Company’s shares for reported $50013.0 on Jun 18 ’24. In the deal valued at $202.48 per share,247 shares were bought. As a result of this transaction, Baker Kelly A now holds 2,068 shares worth roughly $0.39 million.

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Then, Murphy Kevin Michael sold 641 shares, generating $105,769 in total proceeds. Upon selling the shares at $164.94, the Chief Executive Officer now owns 123,469 shares.

Before that, Graham Ian T. sold 387 shares. Ferguson Plc. shares valued at $63,858 were divested by the Chief Legal Officer at a price of $164.95 per share. As a result of the transaction, Graham Ian T. now holds 5,854 shares, worth roughly $1.12 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 -0.08% to $190.66. Over the last five days, the stock has lost -1.54%. Ferguson Plc. shares have fallen nearly -1.25% since the year began. Nevertheless, the stocks have risen 25.85% over the past one year. While a 52-week high of $224.86 was reached on 04/08/24, a 52-week low of $147.62 was recorded on 01/03/24. SMA at 50 days reached $205.56, while 200 days put it at $191.03. A total of 0.87 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For FERG Stock

The 24-hour chart illustrates a support level at 189.74, which if violated will result in even more drops to 188.82. On the upside, there is a resistance level at 191.74. A further resistance level may holdings at 192.82. The Relative Strength Index (RSI) on the 14-day chart is 35.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.62%. Stochastics%K at 16.13% indicates the stock is a buying.

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.

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