Ferguson Enterprises Inc.’s recent filing unveils that its Chief Accounting Officer Winckler Richard unloaded Company’s shares for reported $0.27 million on Oct 14 ’24. In the deal valued at $201.75 per share,1,325 shares were sold. As a result of this transaction, Winckler Richard now holds 1,000 shares worth roughly $0.2 million.
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Then, Williams Garland sold 1,118 shares, generating $224,963 in total proceeds. Upon selling the shares at $201.22, the Senior Vice President-Blended now owns 1,882 shares.
Before that, Thees William T. Jr sold 5,111 shares. Ferguson Enterprises Inc. shares valued at $1,027,159 were divested by the Senior Vice President at a price of $200.97 per share. As a result of the transaction, Thees William T. Jr now holds 25,512 shares, worth roughly $5.22 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 fall -0.30% to $204.48. Over the last five days, the stock has gained 2.91%. Ferguson Enterprises Inc. shares have risen nearly 5.91% since the year began. Nevertheless, the stocks have risen 27.94% 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 $200.62, while 200 days put it at $203.70.
Levels Of Support And Resistance For FERG Stock
The 24-hour chart illustrates a support level at 203.11, which if violated will result in even more drops to 201.73. On the upside, there is a resistance level at 205.97. A further resistance level may holdings at 207.45. The Relative Strength Index (RSI) on the 14-day chart is 57.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.70%. Stochastics %K at 94.21% indicates the stock is a selling.
How much short interest is there in Ferguson Enterprises Inc.?
A steep rise in short interest was recorded in Ferguson Enterprises Inc. stocks on 2024-09-30, growing by 88772.0 shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.93 million shares. There was a rise of 4.39%, which implies that there is a positive 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.
