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 $2.47 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $3.41 million.
As published in a research note from Citigroup on October 22, 2024, Fluor Corporation [FLR] has been rated up from a Neutral to a Buy and the price target has been revised to $65 from $52. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid July. As of March 14, 2024, Truist has initiated its “Buy” rating for FLR.
Analyzing FLR Stock Performance
During the last five days, there has been a surge of approximately 12.72%. Over the course of the year, Fluor Corporation shares have jumped approximately 50.45%. Shares of the company reached a 52-week high of $60.10 on 11/06/24 and a 52-week low of $35.04 on 02/23/24. A 50-day SMA is recorded $49.78, while a 200-day SMA reached $44.23. Nevertheless, trading volume fell to 3.53 million shares from 6.25 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 58.19, which, if violated, would cause prices to drop to 57.44. In the upper region, resistance lies at 59.76. The next price resistance is at 60.58. RSI (Relative Strength Index) is 74.65 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.48, which suggests the price will increase in the coming days. Percent R is at 14.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
