Shares of FMC Technologies (NYSE:FTI) Sees Large Outflow of Money

FMC Technologies (NYSE:FTI) : The total money flow in FMC Technologies (NYSE:FTI) was negative ($0.87 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $2.27 million. Transactions on upticks were comparatively lower at $1.4 million. The uptick to downtick ratio was 0.62. The total block trades on downticks were valued at $0.73 million. The money flow during block trades was negative ($0.73 million) when the stock traded with a gain of $67 cent. FMC Technologies (NYSE:FTI) was $25.68, an increase of 2.68% over the previous days close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P., Technology) of Fmc Technologies Inc, Beitler Bradley D. had sold 2,836 shares worth of $69,879 in a transaction dated February 18, 2016. In this transaction, 2,836 shares were sold at $24.64 per share. Currently the company Insiders own 0.86% of FMC Technologies shares according to the proxy statements. Institutional Investors own 90.94% of FMC Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -2.82%.

The company shares have dropped -36.92% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $41.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.31 and the 200 Day Moving Average price is recorded at $26.86. FMC Technologies (NYSE:FTI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.66 and $25.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.86, notching a gain of 3.40% for the day. The total traded volume was 3,643,642 . The stock had closed at $25.01 on the previous day.

FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.

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