Ferguson Enterprises Inc’s recent filing unveils that its Chief Accounting Officer Winckler Richard unloaded Company’s shares for reported $0.27 million on Oct 14 ’24. In the deal valued at $201.75 per share,1,325 shares were sold. As a result of this transaction, Winckler Richard now holds 1,000 shares worth roughly $0.22 million.
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Then, Williams Garland sold 1,118 shares, generating $224,963 in total proceeds. Upon selling the shares at $201.22, the Senior Vice President-Blended now owns 1,882 shares.
Before that, Thees William T. Jr sold 5,111 shares. Ferguson Enterprises Inc shares valued at $1,027,159 were divested by the Senior Vice President at a price of $200.97 per share. As a result of the transaction, Thees William T. Jr now holds 25,512 shares, worth roughly $5.51 million.
Oppenheimer initiated its Ferguson Enterprises Inc [FERG] rating to an Outperform in a research note published on October 23, 2024; the price target was $234. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. Wells Fargo also remained covering FERG and has increased its forecast on January 04, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on October 31, 2023. It rated FERG as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of FERG
On Friday, Ferguson Enterprises Inc [NYSE:FERG] saw its stock jump 1.25% to $215.93. Over the last five days, the stock has gained 4.59%. Ferguson Enterprises Inc shares have risen nearly 11.84% since the year began. Nevertheless, the stocks have risen 28.01% over the past one year. While a 52-week high of $225.62 was reached on 07/31/24, a 52-week low of $166.21 was recorded on 09/11/24. SMA at 50 days reached $201.61, while 200 days put it at $205.65.
Levels Of Support And Resistance For FERG Stock
The 24-hour chart illustrates a support level at 213.98, which if violated will result in even more drops to 212.02. On the upside, there is a resistance level at 217.22. A further resistance level may holdings at 218.50. The Relative Strength Index (RSI) on the 14-day chart is 65.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.88%. Stochastics %K at 87.30% indicates the stock is a selling.
How much short interest is there in Ferguson Enterprises Inc?
A steep rise in short interest was recorded in Ferguson Enterprises Inc stocks on 2024-11-15, dropping by -0.15 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.71 million shares. There was a decline of -5.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 17, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $175 price target.
