Large Inflow of Money Detected in FMC Technologies

FMC Technologies (FTI) : FMC Technologies (FTI) had a healthy money flow of $3.38 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $9.45 million, whereas, investors only sold shares worth $6.08 million on downticks. The stock closed the day with an up-down ratio of 1.56.The money flow in the block trades to the tune of $3.84 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.84 million worth of transactions were on upticks. FMC Technologies (FTI) stock slid $0.05 intraday and traded at 27.98, a change of -0.18% over previous days close. However, for the week, the company shares are -0.29% compared to previous weeks close.


Also, Major Brokerage house, Capital One Financial upgrades its ratings on FMC Technologies (NYSE:FTI). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on August 25, 2016.

FMC Technologies, Inc. has dropped 0.77% in the last five trading days, however, the shares have posted positive gains of 16.74% in the last 4 weeks. FMC Technologies, Inc. is up 4.98% in the last 3-month period. Year-to-Date the stock performance stands at -2.62%.

FMC Technologies (NYSE:FTI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.19 and $27.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.25, notching a gain of 0.78% for the day. The total traded volume was 3,505,915 . The stock had closed at $28.03 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Beitler Bradley D., officer (V.P., Technology) of Fmc Technologies Inc, had unloaded 2,836 shares at an average price of $24.64 in a transaction dated on February 18, 2016. The total value of the transaction was worth $69,879.

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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