FMC Technologies (NYSE:FTI) has tumbled 1.53% during the past week and has dropped 0.26% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.35%. FMC Technologies (NYSE:FTI) has underperformed the index by 1.17% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
FMC Technologies (NYSE:FTI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.46 and $26.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.05, notching a gain of 3.60% for the day. The total traded volume was 3,802,797 . The stock had closed at $26.11 on the previous day.
The company shares have dropped -35.13% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $42.79 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.80 and the 200 Day Moving Average price is recorded at $27.20.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Beitler Bradley D., officer (V.P., Technology) of Fmc Technologies Inc, had unloaded 2,836 shares at an average price of $24.64 in a transaction dated on February 18, 2016. The total value of the transaction was worth $69,879.
Many analysts have stated their opinion on the company shares. Brokerage firm Barclays downgrades its rating on FMC Technologies (NYSE:FTI). As per the latest information, the brokerage house lowers the price target to $33 per share from a prior target of $37. The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 0.86% of FMC Technologies shares according to the proxy statements. Institutional Investors own 90.92% of FMC Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -3%.
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.