Forum Energy Technologies Inc’s recently made public that its President & CEO Lux Neal acquired Company’s shares for reported $0.15 million on Aug 15 ’24. In the deal valued at $16.12 per share,9,000 shares were bought. As a result of this transaction, Lux Neal now holds 154,890 shares worth roughly $2.69 million.
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Then, Lux Neal bought 4,500 shares, generating $68,490 in total proceeds. Upon buying the shares at $15.22, the President & CEO now owns 145,890 shares.
Before that, IVASCU JOHN C sold 2,000 shares. Forum Energy Technologies Inc shares valued at $38,500 were divested by the EVP, General Counsel & CCO at a price of $19.25 per share. As a result of the transaction, IVASCU JOHN C now holds 51,543 shares, worth roughly $0.89 million.
Piper Sandler downgraded its Forum Energy Technologies Inc [FET] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid March from “an Equal-weight” to “an Underweight”. Tudor Pickering also remained covering FET and has decreased its forecast on March 11, 2020 with a “Hold” recommendation from previously “Buy” rating. B. Riley FBR revised its rating on March 11, 2020. It rated FET as “a Sell” which previously was an “a Neutral”.
Price Performance Review of FET
On Friday,, Forum Energy Technologies Inc [NYSE:FET] saw its stock fall -3.29% to $17.35. Over the last five days, the stock has lost -3.13%. Forum Energy Technologies Inc shares have fallen nearly -21.74% since the year began. Nevertheless, the stocks have fallen -26.89% over the past one year. While a 52-week high of $26.36 was reached on 01/02/24, a 52-week low of $14.84 was recorded on 08/14/24. SMA at 50 days reached $16.81, while 200 days put it at $19.06.
Levels Of Support And Resistance For FET Stock
The 24-hour chart illustrates a support level at 17.02, which if violated will result in even more drops to 16.69. On the upside, there is a resistance level at 17.79. A further resistance level may holdings at 18.23. The Relative Strength Index (RSI) on the 14-day chart is 52.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.97%. Stochastics %K at 72.02% indicates the stock is a holding.
How much short interest is there in Forum Energy Technologies Inc?
A steep rise in short interest was recorded in Forum Energy Technologies Inc stocks on 2024-08-15, dropping by 8768.0 shares to a total of 0.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.18 million shares. There was a decline of -5.17%, which implies that there is a negative sentiment for the stock.
