TechnipFMC plc’s recently made public that its SVP & Chief Accounting Officer Light David unloaded Company’s shares for reported $0.15 million on Jun 26 ’24. In the deal valued at $25.81 per share,5,928 shares were sold. As a result of this transaction, Light David now holds 11,534 shares worth roughly $0.36 million.
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Then, Rounce Justin sold 329,469 shares, generating $7,205,487 in total proceeds. Upon selling the shares at $21.87, the EVP & Chief Technology Officer now owns 406,598 shares.
Before that, Conti Thierry sold 9,871 shares. TechnipFMC plc shares valued at $216,965 were divested by the President, Surface at a price of $21.98 per share. As a result of the transaction, Conti Thierry now holds 81,818 shares, worth roughly $2.54 million.
RBC Capital Mkts initiated its TechnipFMC plc [FTI] rating to an Outperform in a research note published on November 18, 2024; the price target was $37. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. TD Cowen also remained covering FTI and reiterated its “Buy” recommendation on October 25, 2024. TD Cowen maintained its rating on February 23, 2024. It rated FTI as “an Outperform”.
Price Performance Review of FTI
On Tuesday, TechnipFMC plc [NYSE:FTI] saw its stock jump 1.31% to $31.04. Over the last five days, the stock has gained 7.89%. TechnipFMC plc shares have risen nearly 54.12% since the year began. Nevertheless, the stocks have risen 47.53% over the past one year. While a 52-week high of $30.91 was reached on 11/26/24, a 52-week low of $18.33 was recorded on 01/10/24. SMA at 50 days reached $27.32, while 200 days put it at $25.85.
Levels Of Support And Resistance For FTI Stock
The 24-hour chart illustrates a support level at 30.59, which if violated will result in even more drops to 30.15. On the upside, there is a resistance level at 31.27. A further resistance level may holdings at 31.51. The Relative Strength Index (RSI) on the 14-day chart is 73.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.62%. Stochastics %K at 96.84% indicates the stock is a selling.
How much short interest is there in TechnipFMC plc?
A steep rise in short interest was recorded in TechnipFMC plc stocks on 2024-11-15, dropping by -0.25 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.37 million shares. There was a decline of -3.51%, which implies that there is a negative sentiment for the stock.
