Shares of FMC Technologies (NYSE:FTI) Sees Large Inflow of Net Money Flow

FMC Technologies (NYSE:FTI) dropped by -1.97 or -0.54 points during the last session to $26.93 per share. One of the highlights of the day was the net money flow figure, which stood at $7.15 million even as the stock accepted $15.04 million in upticks but rejected $7.88 million in downticks. The up/down ratio for the last observation was a 1.91. The 1-week percentage change for the stock price is registered at 1.28%.A block transaction occurred with $7.81 million in upticks and $0 million in downticks while the up/down ratio was calculated to be 0. The stock witnessed a net inflow of $7.81 million at the end of the block trade.


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%. On the companys insider trading activities, 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.

FMC Technologies (NYSE:FTI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.54 points or 1.97% at $26.93 with 2,835,728 shares getting traded. Post opening the session at $26.79, the shares hit an intraday low of $26.72 and an intraday high of $27.41 and the price was in this range throughout the day. The company has a market cap of $6,096 million and the number of outstanding shares have been calculated to be 226,355,420 shares. The 52-week high of FMC Technologies (NYSE:FTI) is $43.05 and the 52-week low is $22.3.

Many analysts have stated their opinion on the company shares. Barclays downgrades its rating on FMC Technologies (NYSE:FTI). The global brokerage major lowers the current price target from $37 per share to $33 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on May 20, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.