Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Forum Energy Technologies Inc shares valued at $161,127 were purchased by Lux Neal on Mar 13 ’25. At $17.65 per share, Lux Neal acquired 9,129 shares. The insider’s holdings grew to 212,250 shares worth approximately $4.3 million following the completion of this transaction.
Also, Lux Neal purchased 3,478 shares, netting a total of over 65,943 in proceeds. Following the buying of shares at $18.96 each, the insider now holds 215,728 shares.
Before that, RASPINO LOUIS had sold 4,950 shares from its account. In a trade valued at $76,280, the Director traded Forum Energy Technologies Inc shares for $15.41 each. Upon closing the transaction, the insider’s holdings decreased to 4,950 shares, worth approximately $0.33 million.
As published in a research note from Piper Sandler on June 30, 2020, Forum Energy Technologies Inc [FET] has been rated down from an Overweight to a Neutral. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid March. As of March 11, 2020, Tudor Pickering has decreased its “Buy” rating to a “Hold” for FET. Earlier on March 11, 2020, B. Riley FBR downgraded its rating. Their new recommendation was “a Sell” for FET stock which previously was a “a Neutral”.
Analyzing FET Stock Performance
On last trading session,, Forum Energy Technologies Inc [NYSE: FET] rose 0.90% to $20.25. During the last five days, there has been a surge of approximately 9.52%. Over the course of the year, Forum Energy Technologies Inc shares have jumped approximately 30.73%. Shares of the company reached a 52-week high of $21.57 on 03/19/25 and a 52-week low of $12.78 on 04/09/25.
Support And Resistance Levels for Forum Energy Technologies Inc (FET)
According to the 24-hour chart, there is a support level at 19.72, which, if violated, would cause prices to drop to 19.19. In the upper region, resistance lies at 20.57. The next price resistance is at 20.88. RSI (Relative Strength Index) is 78.25 on the 14-day chart, showing overbought technical sentiment.
