FMC Technologies (FTI) has been under a strong bear grip, hence the stock is down -3.23% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.12% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.64% in the last 1 week, and is up 1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 0.38%.
FMC Technologies (NYSE:FTI): The stock opened at $27.48 on Friday but the bulls could not build on the opening and the stock topped out at $27.51 for the day. The stock traded down to $27.17 during the day, due to lack of any buying support eventually closed down at $27.32 with a loss of -0.07% for the day. The stock had closed at $27.34 on the previous day. The total traded volume was 1,701,881 shares.
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 -2.82%. In a related news,The officer (V.P., Technology) of Fmc Technologies Inc, Beitler Bradley D. sold 2,836 shares at $24.64 on February 18, 2016. The Insider selling transaction had a total value worth of $69,879. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.