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 Enterprises Inc. shares valued at $50,013 were purchased by Baker Kelly A on Jun 18 ’24. At $202.48 per share, Baker Kelly A acquired 247 shares. The insider’s holdings grew to 2,068 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Murphy Kevin Michael sold 641 shares, netting a total of over 105,769 in proceeds. Following the sale of shares at $164.94 each, the insider now holds 123,469 shares.
Before that, Graham Ian T. had sold 387 shares from its account. In a trade valued at $63,858, the Chief Legal Officer traded Ferguson Enterprises Inc. shares for $164.95 each. Upon closing the transaction, the insider’s holdings decreased to 387 shares, worth approximately $1.27 million.
As published in a research note from Raymond James on January 08, 2024, Ferguson Enterprises Inc. [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 surge of approximately 1.49%. Over the course of the year, Ferguson Enterprises Inc. shares have jumped approximately 12.05%. Shares of the company reached a 52-week high of $225.63 on 07/31/24 and a 52-week low of $183.74 on 01/03/24. A 50-day SMA is recorded $203.18, while a 200-day SMA reached $195.33. Nevertheless, trading volume fell to 1.09 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Ferguson Enterprises Inc. (FERG)
According to the 24-hour chart, there is a support level at 211.84, which, if violated, would cause prices to drop to 207.35. In the upper region, resistance lies at 222.21. The next price resistance is at 228.08. RSI (Relative Strength Index) is 59.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.78, which suggests the price will increase in the coming days. Percent R is at 42.03%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
