In a filing, Fluor Corporation revealed its EVP, CHIEF FINANCIAL OFFICER Brennan Joseph L unloaded Company’s shares for reported $0.58 million on Oct 07 ’24. In the deal valued at $50.30 per share,11,619 shares were sold. As a result of this transaction, Brennan Joseph L now holds 41,908 shares worth roughly $2.25 million.
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Then, Brennan Joseph L sold 4,012 shares, generating $200,622 in total proceeds. Upon selling the shares at $50.01, the EVP, CHIEF FINANCIAL OFFICER now owns 53,527 shares.
Before that, Brennan Joseph L sold 15,335 shares. Fluor Corporation shares valued at $729,440 were divested by the EVP, CHIEF FINANCIAL OFFICER at a price of $47.57 per share. As a result of the transaction, Brennan Joseph L now holds 57,834 shares, worth roughly $3.1 million.
Citigroup upgraded its Fluor Corporation [FLR] rating to a Buy from a a Neutral in a research note published on October 22, 2024; the price target was increased to $65 from $52. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid July from “a Sector weight” to “an Overweight”. Truist began covering FLR with “Buy” recommendation on March 14, 2024.
Price Performance Review of FLR
On Monday, Fluor Corporation [NYSE:FLR] saw its stock jump 2.58% to $53.63. Over the last five days, the stock has lost -0.43%. Fluor Corporation shares have risen nearly 36.92% since the year began. Nevertheless, the stocks have risen 57.87% over the past one year. While a 52-week high of $55.86 was reached on 10/21/24, a 52-week low of $32.31 was recorded on 02/23/24. SMA at 50 days reached $48.90, while 200 days put it at $43.54.
Levels Of Support And Resistance For FLR Stock
The 24-hour chart illustrates a support level at 52.77, which if violated will result in even more drops to 51.90. On the upside, there is a resistance level at 54.07. A further resistance level may holdings at 54.50. The Relative Strength Index (RSI) on the 14-day chart is 62.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.68%. Stochastics %K at 51.84% indicates the stock is a holding.
How much short interest is there in Fluor Corporation?
A steep rise in short interest was recorded in Fluor Corporation stocks on 2024-10-15, dropping by -0.79 million shares to a total of 6.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.83 million shares. There was a decline of -13.02%, which implies that there is a negative sentiment for the stock.
