Ferguson Enterprises Inc.’s recent filing unveils that 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 $0.4 million.
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Then, Thees William T. Jr sold 5,725 shares, generating $942,923 in total proceeds. Upon selling the shares at $164.71, the insider now owns 25,632 shares.
Before that, Thees William T. Jr sold 204 shares. Ferguson Enterprises Inc. shares valued at $33,664 were divested by the insider at a price of $164.94 per share. As a result of the transaction, Thees William T. Jr now holds 25,428 shares, worth roughly $4.96 million.
Raymond James downgraded its Ferguson Enterprises Inc. [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 Friday, Ferguson Enterprises Inc. [NYSE:FERG] saw its stock jump 1.70% to $194.95. Over the last five days, the stock has lost -3.42%. Ferguson Enterprises Inc. shares have risen nearly 0.97% since the year began. Nevertheless, the stocks have risen 20.44% over the past one year. While a 52-week high of $225.62 was reached on 07/31/24, a 52-week low of $147.62 was recorded on 09/11/24. SMA at 50 days reached $202.44, while 200 days put it at $203.23.
Levels Of Support And Resistance For FERG Stock
The 24-hour chart illustrates a support level at 191.37, which if violated will result in even more drops to 187.80. On the upside, there is a resistance level at 196.74. A further resistance level may holdings at 198.54. The Relative Strength Index (RSI) on the 14-day chart is 45.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.49%. Stochastics %K at 17.64% indicates the stock is a buying.
How much short interest is there in Ferguson Enterprises Inc.?
A steep rise in short interest was recorded in Ferguson Enterprises Inc. stocks on 2024-09-13, dropping by -0.24 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.26 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.
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.
