Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ferguson Enterprises Inc shares valued at $354,000 were sold by Morrissey Victoria on Jan 06 ’25. At $177.00 per share, Morrissey Victoria sold 2,000 shares. The insider’s holdings dropped to 4,282 shares worth approximately $0.75 million following the completion of this transaction.
Also, Morrissey Victoria purchased 2,000 shares, netting a total of over 354,000 in proceeds.
Before that, May Brian had added 686 shares to its account. In a trade valued at $127,006, the Director bought Ferguson Enterprises Inc shares for $185.14 each. Upon closing the transaction, the insider’s holdings increased to 686 shares, worth approximately $0.57 million.
As published in their initiating research note from Morgan Stanley on February 03, 2025, Ferguson Enterprises Inc [FERG] has been an Overweight and the price target has been revised to $204. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 08, 2025, UBS has decreased its “Buy” rating to a “Neutral” for FERG. Earlier on October 23, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for FERG stock.
Analyzing FERG Stock Performance
During the last five days, there has been a drop of approximately -2.37%. Over the course of the year, Ferguson Enterprises Inc shares have jumped approximately 0.97%. Shares of the company reached a 52-week high of $187.82 on 01/23/25 and a 52-week low of $167.27 on 01/13/25. A 50-day SMA is recorded $178.64, while a 200-day SMA reached $197.10. Nevertheless, trading volume fell to 1.32 million shares from 1.79 million shares the previous day.
Support And Resistance Levels for Ferguson Enterprises Inc (FERG)
According to the 24-hour chart, there is a support level at 174.07, which, if violated, would cause prices to drop to 172.89. In the upper region, resistance lies at 177.18. The next price resistance is at 179.12. RSI (Relative Strength Index) is 43.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.05, which suggests the price will decrease in the coming days. Percent R is at 66.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
