Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fluor Corporation shares valued at $2,831,269 were sold by Fields Mark E on Nov 25 ’24. At $56.63 per share, Fields Mark E sold 50,000 shares. The insider’s holdings dropped to 147,045 shares worth approximately $8.12 million following the completion of this transaction.
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Also, Fields Mark E purchased 109,066 shares, netting a total of over 6,297,388 in proceeds.
Before that, Fields Mark E had added 109,066 shares to its account. In a trade valued at $6,297,388, the Officer bought Fluor Corporation shares for $57.74 each.
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 5.18%. Over the course of the year, Fluor Corporation shares have jumped approximately 41.05%. 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 $51.62, while a 200-day SMA reached $45.20. Nevertheless, trading volume fell to 1.61 million shares from 1.32 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 54.09, which, if violated, would cause prices to drop to 52.94. In the upper region, resistance lies at 56.62. The next price resistance is at 58.00. RSI (Relative Strength Index) is 57.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.01, which suggests the price will increase in the coming days. Percent R is at 21.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
