Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fluor Corporation shares valued at $584,401 were sold by Brennan Joseph L on Oct 07 ’24. At $50.30 per share, Brennan Joseph L sold 11,619 shares. The insider’s holdings dropped to 41,908 shares worth approximately $2.26 million following the completion of this transaction.
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Also, Brennan Joseph L sold 4,012 shares, netting a total of over 200,622 in proceeds. Following the sale of shares at $50.01 each, the insider now holds 53,527 shares.
Before that, Brennan Joseph L had sold 15,335 shares from its account. In a trade valued at $729,440, the EVP, CHIEF FINANCIAL OFFICER traded Fluor Corporation shares for $47.57 each. Upon closing the transaction, the insider’s holdings decreased to 15,335 shares, worth approximately $3.12 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 7.80%. Over the course of the year, Fluor Corporation shares have jumped approximately 37.55%. Shares of the company reached a 52-week high of $55.75 on 10/16/24 and a 52-week low of $35.04 on 02/23/24. A 50-day SMA is recorded $48.24, while a 200-day SMA reached $42.99. Nevertheless, trading volume fell to 2.39 million shares from 5.96 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 53.09, which, if violated, would cause prices to drop to 52.30. In the upper region, resistance lies at 54.86. The next price resistance is at 55.84. RSI (Relative Strength Index) is 68.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.68, which suggests the price will increase in the coming days. Percent R is at 20.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
