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FMC News5 articles
FMC Shares Surge 7% Amid Strategic Review and Analyst Downgrades
FMC Corporation's stock climbed nearly 7% to $16.46 as investors assessed a new strategic review and a price target cut from Citigroup. Moody's also downgraded the company's debt to junk status.
TechnipFMC Shares Face Mixed Fund Sentiment Ahead of Q2 Results
Institutional moves show mixed signals for TechnipFMC as the stock trades 16% below its April peak, with T. Rowe Price reducing its position by 20% while IEQ Capital increased exposure.
TechnipFMC Joins MSCI World Index, Shares End Week Down 3.6%
TechnipFMC shares ended Friday up 1.1% on heavy volume after joining the MSCI World Index, but the stock fell 3.6% for the holiday-shortened week. Q1 revenue rose 11.6% to $2.49 billion.
TechnipFMC Gains on MSCI Inclusion but Faces Volatility
TechnipFMC (FTI) closed at $68.42 on Friday, up 1.1% on heavy volume after MSCI World Index inclusion, but fell 3.62% for the week. Q1 revenue rose 11.6% to $2.49B, with subsea backlog at $16.47B.
Nifty Edges Up as Auto Gains Offset IT, FMCG Weakness; Oil Slide Aids Rupee
Indian equities were mixed on Thursday with Nifty up 0.08% and Sensex down 0.03%, as auto stocks rallied on lower oil prices, while IT and FMCG sectors fell.