Fluor Corporation (FLR) has been under a strong bear grip, hence the stock is down -0.36% 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 2.25% 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 2.22% in the last 1 week, and is up 0.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Fluor Corporation is up 5.58% in the last 3-month period. Year-to-Date the stock performance stands at 12.24%. The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 1.73%.
Fluor Corporation (NYSE:FLR): The stock opened at $52.18 on Friday but the bulls could not build on the opening and the stock topped out at $52.87 for the day. The stock traded down to $51.99 during the day, due to lack of any buying support eventually closed down at $52.55 with a loss of -0.02% for the day. The stock had closed at $52.56 on the previous day. The total traded volume was 1,142,374 shares.
Also, MKM Partners initiates coverage on Fluor Corporation (NYSE:FLR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 29, 2016.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. Through its Oil & Gas segment, Fluor serves the oil and gas production, processing, and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design, engineering, procurement, construction, operations and maintenance, and project management services. The Government segment is a provider of engineering, construction, logistics, and environmental and nuclear services, among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment, it provides a range of services to the gas-fueled and solid-fueled markets, among others.