TechnipFMC plc’s filing revealed 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 $0.35 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 $2.47 million.
Jefferies upgraded its TechnipFMC plc [FTI] rating to a Buy from a a Hold in a research note published on December 06, 2024; the price target was increased to $40 from $29. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. HSBC Securities also remained covering FTI and has increased its forecast on October 29, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on October 25, 2024. It rated FTI as “a Buy”.
Price Performance Review of FTI
On Tuesday, TechnipFMC plc [NYSE:FTI] saw its stock fall -0.59% to $30.13. Over the last five days, the stock has lost -4.41%. TechnipFMC plc shares have risen nearly 49.60% since the year began. Nevertheless, the stocks have risen 59.25% over the past one year. While a 52-week high of $32.64 was reached on 12/05/24, a 52-week low of $18.33 was recorded on 01/10/24. SMA at 50 days reached $28.16, while 200 days put it at $26.33.
Levels Of Support And Resistance For FTI Stock
The 24-hour chart illustrates a support level at 29.89, which if violated will result in even more drops to 29.66. On the upside, there is a resistance level at 30.56. A further resistance level may holdings at 31.00. The Relative Strength Index (RSI) on the 14-day chart is 54.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.03%. Stochastics %K at 46.82% indicates the stock is a holding.
How much short interest is there in TechnipFMC plc?
A steep rise in short interest was recorded in TechnipFMC plc stocks on 2024-11-29, growing by 0.39 million shares to a total of 6.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.44 million shares. There was a rise of 5.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 23, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $28.
