Recent trading patterns in the stock of Fluor Corporation (NYSE:FLR) have investors on high alert. Traders use price and volume data to predict performance and time their positions. In the case of FLR, the data could have some important implications for future performance. In the most recent quarter, institutional ownership increased by a net of 2.21 million shares, or 1.83%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for FLR overall.250 holders increased their positions, 240 decreased their positions, and 68 holders held their positions.
Among institutions that increased their positions, 56 were new positions. Among holders that decreased their positions, 68 sold out of the stock Fluor Corporation. Insider ownership during the latest quarter decreased by a net of 0 shares, indicating that FLR’s key executives are feeling more bearish about the stock than they did three months ago. Insider ownership during the last year has decreased by a net of 23282 shares. 48.89% of insider trades in the last 12 months were buys, and 51.11% were sells.
Over the past year, the price of Fluor Corporation (FLR) has decreased -14.78% while the S&P 500 has increased 19.49%. During the past 20 days, FLR has increased 6.15% while the broad market has increased 1.94%. FLR ‘s 20-day moving average currently sits above its 100-day moving average. This is a bullish signal that suggests the stock price might continue to rise. FLR’s average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of FLR’s future price movements.
Fluor Corporation (NYSE:FLR) has a 20-day RSI of 60.92%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. FLR’s 9-day MACD currently sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. FLR’s average trading volatility during the past few weeks is -49.33% lower than the average volatility over the past 100 days. This means that the stock’s daily price swings have been less extreme in recent times compared to the past.
Analysts expect Fluor Corporation (FLR) to generate earnings per share of $1.47 in 2017. This works out to a decrease of -36.64% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for FLR on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.56 or a Hold. Three months ago, analysts assigned FLR a 3.90 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.