Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TechnipFMC plc shares valued at $153,002 were sold by Light David on Jun 26 ’24. At $25.81 per share, Light David sold 5,928 shares. The insider’s holdings dropped to 11,534 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Pferdehirt Douglas J. sold 1,371,235 shares, netting a total of over 29,961,485 in proceeds. Following the sale of shares at $21.85 each, the insider now holds 2,687,307 shares.
Before that, Rounce Justin had sold 329,469 shares from its account. In a trade valued at $7,205,487, the EVP & Chief Technology Officer traded TechnipFMC plc shares for $21.87 each. Upon closing the transaction, the insider’s holdings decreased to 329,469 shares, worth approximately $11.71 million.
As published in a research note from TD Cowen on February 23, 2024, TechnipFMC plc [FTI] has been retained to an Outperform and the price target has been revised to $28. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of November 06, 2023, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for FTI. Earlier on October 13, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for FTI stock which previously was a “a Buy”.
Analyzing FTI Stock Performance
During the last five days, there has been a surge of approximately 1.48%. Over the course of the year, TechnipFMC plc shares have jumped approximately 43.00%. Shares of the company reached a 52-week high of $29.85 on 08/01/24 and a 52-week low of $18.33 on 01/10/24. A 50-day SMA is recorded $26.29, while a 200-day SMA reached $23.17. Nevertheless, trading volume fell to 3.24 million shares from 4.98 million shares the previous day.
Support And Resistance Levels for TechnipFMC plc (FTI)
According to the 24-hour chart, there is a support level at 28.20, which, if violated, would cause prices to drop to 27.59. In the upper region, resistance lies at 29.63. The next price resistance is at 30.45. RSI (Relative Strength Index) is 60.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 35.53%, indicating low price movement. Stochastics%K at selling indicates that the stock is to be held.
