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Fluor Corporation [FLR] Records 200-Day SMA of $41.96

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fluor Corporation shares valued at $1,458,404 were sold by Brennan Joseph L on Sep 05 ’24. At $46.65 per share, Brennan Joseph L sold 31,260 shares. The insider’s holdings dropped to 73,169 shares worth approximately $3.47 million following the completion of this transaction.

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Also, Brennan Joseph L purchased 62,521 shares, netting a total of over 2,946,305 in proceeds.

Before that, Regan John C had sold 13,000 shares from its account. In a trade valued at $628,039, the EVP, CONTROLLER & CAO traded Fluor Corporation shares for $48.31 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $2.66 million.

As published in a research note from KeyBanc Capital Markets on July 17, 2024, Fluor Corporation [FLR] has been rated up from a Sector weight to an Overweight and the price target has been revised to $57. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. Earlier on October 04, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for FLR stock which previously was a “a Neutral”.

Analyzing FLR Stock Performance

During the last five days, there has been a surge of approximately 5.68%. Over the course of the year, Fluor Corporation shares have jumped approximately 21.14%. Shares of the company reached a 52-week high of $51.64 on 07/17/24 and a 52-week low of $35.04 on 02/23/24. A 50-day SMA is recorded $47.64, while a 200-day SMA reached $41.96. Nevertheless, trading volume fell to 1.89 million shares from 1.48 million shares the previous day.

Support And Resistance Levels for Fluor Corporation (FLR)

According to the 24-hour chart, there is a support level at 46.65, which, if violated, would cause prices to drop to 45.84. In the upper region, resistance lies at 47.87. The next price resistance is at 48.28. RSI (Relative Strength Index) is 53.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 38.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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