Fluor Corporation (FLR) has risen sharply, recording gains of 7.71% in the past 4 weeks. However, the stock has corrected -0.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Fluor Corporation (NYSE:FLR): The stock opened at $53.03 on Friday but the bulls could not build on the opening and the stock topped out at $53.18 for the day. The stock traded down to $52.18 during the day, due to lack of any buying support eventually closed down at $52.54 with a loss of -1.33% for the day. The stock had closed at $53.25 on the previous day. The total traded volume was 955,153 shares.
The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 2.48%. Fluor Corporation has dropped 2.82% during the last 3-month period . Year-to-Date the stock performance stands at 12.21%.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. Through its Oil & Gas segment, Fluor serves the oil and gas production, processing, and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design, engineering, procurement, construction, operations and maintenance, and project management services. The Government segment is a provider of engineering, construction, logistics, and environmental and nuclear services, among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment, it provides a range of services to the gas-fueled and solid-fueled markets, among others.