FleetCor Technologies (FLT) Shares are Up 2.28%

FleetCor Technologies (FLT) : Traders are bullish on FleetCor Technologies (FLT) as it has outperformed the S&P 500 by a wide margin of 0.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.73%, relative to the S&P 500. The stock has risen by 2.28% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.82% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 3.39%.The 200 Day SMA reached 13.4% FleetCor Technologies, Inc. is up 13.97% in the last 3-month period. Year-to-Date the stock performance stands at 15.1%.


FleetCor Technologies (FLT) stock is expected to deviate a maximum of $12.99 from the average target price of $175.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $186 and the most muted being $146.

For the current week, the company shares have a recommendation consensus of Buy. FleetCor Technologies (NYSE:FLT): The stock opened at $162.61 and touched an intraday high of $164.69 on Friday. During the day, the stock corrected to an intraday low of $162.25, however, the bulls stepped in and pushed the price higher to close in the green at $164.51 with a gain of 0.87% for the day. The total traded volume for the day was 1,126,455. The stock had closed at $164.51 in the previous trading session.

FleetCor Technologies, Inc. is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, as well as a fleet telematics offering, which allows customers to track the location of mobile workers in field-based businesses, as well as over-the-road trucking fleets. In its International segment, the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally, the Company provides a similar fuel product in its International segment to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment.

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