Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ferguson Enterprises Inc. shares valued at $267,319 were sold by Winckler Richard on Oct 14 ’24. At $201.75 per share, Winckler Richard sold 1,325 shares. The insider’s holdings dropped to 1,000 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Williams Garland sold 1,118 shares, netting a total of over 224,963 in proceeds. Following the sale of shares at $201.22 each, the insider now holds 1,882 shares.
Before that, Thees William T. Jr had sold 5,111 shares from its account. In a trade valued at $1,027,159, the Senior Vice President traded Ferguson Enterprises Inc. shares for $200.97 each. Upon closing the transaction, the insider’s holdings decreased to 5,111 shares, worth approximately $5.03 million.
As published in their initiating research note from Oppenheimer on October 23, 2024, Ferguson Enterprises Inc. [FERG] has been an Outperform and the price target has been revised to $234. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of January 04, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for FERG. Earlier on October 31, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for FERG stock which previously was a “a Neutral”.
Analyzing FERG Stock Performance
During the last five days, there has been a surge of approximately 0.80%. Over the course of the year, Ferguson Enterprises Inc. shares have jumped approximately 2.07%. Shares of the company reached a 52-week high of $225.63 on 07/31/24 and a 52-week low of $183.63 on 09/11/24. A 50-day SMA is recorded $199.50, while a 200-day SMA reached $204.10. Nevertheless, trading volume fell to 1.05 million shares from 2.09 million shares the previous day.
Support And Resistance Levels for Ferguson Enterprises Inc. (FERG)
According to the 24-hour chart, there is a support level at 194.81, which, if violated, would cause prices to drop to 192.56. In the upper region, resistance lies at 199.07. The next price resistance is at 201.07. RSI (Relative Strength Index) is 47.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.67, which suggests the price will decrease in the coming days. Percent R is at 67.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
