Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fluor Corporation shares valued at $6,297,388 were purchased by Fields Mark E on Nov 25 ’24. At $57.74 per share, Fields Mark E acquired 109,066 shares.
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Also, Fields Mark E purchased 109,066 shares, netting a total of over 6,297,388 in proceeds.
Before that, Brennan Joseph L had sold 11,619 shares from its account. In a trade valued at $584,401, the EVP, CHIEF FINANCIAL OFFICER traded Fluor Corporation shares for $50.30 each. Upon closing the transaction, the insider’s holdings decreased to 11,619 shares, worth approximately $2.29 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 7.72%. Over the course of the year, Fluor Corporation shares have jumped approximately 39.70%. 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 $50.85, while a 200-day SMA reached $44.89. Nevertheless, trading volume fell to 2.46 million shares from 1.91 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 53.34, which, if violated, would cause prices to drop to 51.97. In the upper region, resistance lies at 55.55. The next price resistance is at 56.39. RSI (Relative Strength Index) is 57.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 43.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
