Shares of Forum Energy Technologies (FET) Drops by -0.49%

Forum Energy Technologies (FET) : During the past 4 weeks, traders have been relatively bearish on Forum Energy Technologies (FET), hence the stock is down -10.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.95% relative to the S&P 500. The 4-week change in the price of the stock is -6.97% and the stock has fallen -0.49% in the past 1 week. The stock has recorded a 20-day Moving Average of 2.7% and the 50-Day Moving Average is 3.44%.

Forum Energy Technologies (NYSE:FET): The stock opened at $16.55 on Friday but the bulls could not build on the opening and the stock topped out at $16.55 for the day. The stock traded down to $16.06 during the day, due to lack of any buying support eventually closed down at $16.28 with a loss of -1.33% for the day. The stock had closed at $16.50 on the previous day. The total traded volume was 1,265,291 shares.


The company Insiders own 38.4% of Forum Energy Technologies shares according to the proxy statements. In a related news, Angelle Evelyn M, director of Forum Energy Technologies, Inc., executed a transaction worth $390,000 on September 4, 2015. A total of 26,000 shares were purchased at an average price of $15. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products and engages in aftermarket services, parts supply and related services. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Its capital products are targeted at drilling rig equipment for rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on producing wells, and downstream capital projects. Its engineered systems are components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. Its segments are Drilling & Subsea and Production & Infrastructure.

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