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. Fluor Corporation shares valued at $433,139 were sold by D’Agostino Thomas P on Dec 05 ’24. At $56.39 per share, D’Agostino Thomas P sold 7,681 shares. The insider’s holdings dropped to 137,974 shares worth approximately $6.99 million following the completion of this transaction.
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Also, Thomas P. D’Agostino purchased 7,681 shares, netting a total of over 430,520 in proceeds.
Before that, Fields Mark E had sold 50,000 shares from its account. In a trade valued at $2,831,269, the GROUP PRESIDENT traded Fluor Corporation shares for $56.63 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $7.45 million.
As published in a research note from Robert W. Baird on December 18, 2024, Fluor Corporation [FLR] has been rated down from an Outperform to a Neutral and the price target has been revised to $58 from $54. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of July 17, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for FLR. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for FLR stock.
Analyzing FLR Stock Performance
During the last five days, there has been a drop of approximately -5.05%. Over the course of the year, Fluor Corporation shares have jumped approximately 29.56%. 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 $53.54, while a 200-day SMA reached $46.67. Nevertheless, trading volume fell to 0.57 million shares from 1.25 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 50.20, which, if violated, would cause prices to drop to 49.72. In the upper region, resistance lies at 50.94. The next price resistance is at 51.20. RSI (Relative Strength Index) is 38.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 80.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
