Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FMC Corp shares valued at $270,245 were sold by Scanlan Jacqueline on Nov 11 ’24. At $59.67 per share, Scanlan Jacqueline sold 4,529 shares. The insider’s holdings dropped to 28,649 shares worth approximately $1.4 million following the completion of this transaction.
Also, Angeli Brian Paul sold 400 shares, netting a total of over 24,000 in proceeds. Following the sale of shares at $60.00 each, the insider now holds 5,879 shares.
Before that, Sandifer Andrew D had added 2,150 shares to its account. In a trade valued at $127,323, the EVP and CFO bought FMC Corp shares for $59.22 each. Upon closing the transaction, the insider’s holdings increased to 2,150 shares, worth approximately $2.44 million.
As published in their initiating research note from Citigroup on October 23, 2024, FMC Corp [FMC] has been a Neutral and the price target has been revised to $67. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late June. As of March 01, 2024, Wolfe Research has initiated its “Peer perform” rating for FMC. Earlier on February 12, 2024, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for FMC stock which previously was a “a Buy”.
Analyzing FMC Stock Performance
During the last five days, there has been a drop of approximately -2.01%. Over the course of the year, FMC Corp shares have jumped approximately 0.27%. Shares of the company reached a 52-week high of $49.99 on 01/02/25 and a 52-week low of $48.60 on 01/02/25. A 50-day SMA is recorded $56.87, while a 200-day SMA reached $59.88. Nevertheless, trading volume fell to 1.31 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for FMC Corp (FMC)
According to the 24-hour chart, there is a support level at 48.23, which, if violated, would cause prices to drop to 47.72. In the upper region, resistance lies at 49.62. The next price resistance is at 50.50. RSI (Relative Strength Index) is 30.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 88.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
