The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TechnipFMC plc shares valued at $153,002 were sold by Light David on Jun 26 ’24. At $25.81 per share, Light David sold 5,928 shares. The insider’s holdings dropped to 11,534 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Rounce Justin sold 329,469 shares, netting a total of over 7,205,487 in proceeds. Following the sale of shares at $21.87 each, the insider now holds 406,598 shares.
Before that, Conti Thierry had sold 9,871 shares from its account. In a trade valued at $216,965, the President, Surface traded TechnipFMC plc shares for $21.98 each. Upon closing the transaction, the insider’s holdings decreased to 9,871 shares, worth approximately $2.56 million.
As published in their initiating research note from RBC Capital Mkts on November 18, 2024, TechnipFMC plc [FTI] has been an Outperform and the price target has been revised to $37. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 25, 2024, TD Cowen has reiterated its “Buy” rating for FTI. Earlier on February 23, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for FTI stock.
Analyzing FTI Stock Performance
During the last five days, there has been a surge of approximately 0.74%. Over the course of the year, TechnipFMC plc shares have jumped approximately 55.26%. Shares of the company reached a 52-week high of $31.76 on 12/03/24 and a 52-week low of $18.33 on 01/10/24. A 50-day SMA is recorded $27.77, while a 200-day SMA reached $26.14. Nevertheless, trading volume fell to 3.55 million shares from 23903.0 shares the previous day.
Support And Resistance Levels for TechnipFMC plc (FTI)
According to the 24-hour chart, there is a support level at 30.85, which, if violated, would cause prices to drop to 30.44. In the upper region, resistance lies at 31.65. The next price resistance is at 32.04. RSI (Relative Strength Index) is 71.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 12.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
