FMC Corp. (NYSE: FMC) had its price target increased by equities researchers at Susquehanna from $46.00 to $48.00. The company currently has a rating of Neutral on the shares.
The much anticipated comments from Federal Reserve Chairwoman Janet Yellen came on Friday.
Yellen said the case for another interest-rate hike is strengthening, sending a strong signal the U.S. central bank is preparing to increase rates as soon as next month.
The market responded first positively and thenswung back to losses across all three major indices.
The Dow Jones Industrial Average fell 53 points, or 0.29 percent, to 18,395.
The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.
The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.
NYMEX crude oil futures fell 0.02 percent to $47.32 while Brent contracts added 0.06 percent to $49.70.
Natural gas futures climbed 0.35 percent on the session and finished the week at $2.86.Precious metals were mixed on Friday.
COMEX gold futures were basically unchanged at $1,324.50.
Stock prices often move to the upside on recommendations and new price targets of professional analysts.
Shares of FMC Corp. (NYSE: FMC) opened at $47.52 and traded in a range between, $46.38 and $47.67 yesterday, and last traded at $46.56, which represents a change of $ -0.61 over the previous closing price.
FMC Corp. (NYSE: FMC) currently has a market cap of 6.23B
The stock’s average daily volume is 1,166,450 shares out of a total float 121,885,000 of and some 958,179 shares crossed the trading desk yesterday.
Investors will now, obviously, continue to look for increases in trading volume.
This is an excellent indicator of heavy volume accumulation from institutional investors.
Increased trading for short periods will not mean much will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind FMC Corp. (NYSE: FMC) now has a 50-day MA is $47.87 and 200-day MA is $44.20, and it has traded in a 52-week range between $32.24 – 50.57
Earnings growth is an important factor toresearch when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.
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