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Monitoring Fluor Corporation (FLR) after recent insider movements

Fluor Corporation’s filing revealed that its GROUP PRESIDENT Fields Mark E unloaded Company’s shares for reported $2.83 million on Nov 25 ’24. In the deal valued at $56.63 per share,50,000 shares were sold. As a result of this transaction, Fields Mark E now holds 147,045 shares worth roughly $8.04 million.

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Then, Fields Mark E bought 109,066 shares, generating $6,297,388 in total proceeds.

Before that, Fields Mark E bought 109,066 shares. Fluor Corporation shares valued at $6,297,388 were divested by the Officer at a price of $57.74 per share.

Citigroup upgraded its Fluor Corporation [FLR] rating to a Buy from a a Neutral in a research note published on October 22, 2024; the price target was increased to $65 from $52. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid July from “a Sector weight” to “an Overweight”. Truist began covering FLR with “Buy” recommendation on March 14, 2024.

Price Performance Review of FLR

On Tuesday, Fluor Corporation [NYSE:FLR] saw its stock fall -0.74% to $54.70. Over the last five days, the stock has lost -2.39%. Fluor Corporation shares have risen nearly 39.65% since the year began. Nevertheless, the stocks have risen 40.26% over the past one year. While a 52-week high of $60.10 was reached on 11/06/24, a 52-week low of $35.04 was recorded on 02/23/24. SMA at 50 days reached $52.12, while 200 days put it at $45.39.

Levels Of Support And Resistance For FLR Stock

The 24-hour chart illustrates a support level at 53.49, which if violated will result in even more drops to 52.28. On the upside, there is a resistance level at 55.78. A further resistance level may holdings at 56.85. The Relative Strength Index (RSI) on the 14-day chart is 54.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.61%. Stochastics %K at 78.22% indicates the stock is a holding.

How much short interest is there in Fluor Corporation?

A steep rise in short interest was recorded in Fluor Corporation stocks on 2024-11-15, growing by 0.56 million shares to a total of 6.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.04 million shares. There was a rise of 8.44%, which implies that there is a positive sentiment for the stock.

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