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

FMC Technologies (FTI): $3.27 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.17. The value of trades done on upticks was $22.27 million, whereas, trades done on downticks were valued at $19 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $4.77 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.23 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.89 was strongly in favor of the bulls. The money flow in block trades was $3.54 million. FMC Technologies (FTI) fell $1.13 traded at $26.04, a change of -4.16% over the previous day. The stock is -4.69% for the week.


FMC Technologies (FTI) : The highest level FMC Technologies (FTI) is projected to reach is $47 for the short term and the lowest estimate is at $26. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $32.5 and the possibility the share price can swing is $5.32.

FMC Technologies (NYSE:FTI): On Fridays trading session , Opening price of the stock was $27.12 with an intraday high of $27.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.96. However, the stock managed to close at $26.04, a loss of 4.16% for the day. On the previous day, the stock had closed at $27.17. The total traded volume of the day was 5,374,455 shares.

In a related news, The officer (V.P., Technology), of Fmc Technologies Inc, Beitler Bradley D. had unloaded 2,836 shares at $24.64 per share in a transaction on February 18, 2016. The total value of transaction was $69,879. The Insider information was revealed by 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.

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