Published on 11 Feb 2022 on Market Watch
TechnipFMC PLC stock underperforms Friday when compared to competitors despite daily gains
Shares of TechnipFMC PLC advanced 3.78% to $6.87 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.90% to 4,418.64 and Dow Jones Industrial Average falling 1.43% to 34,738.06. TechnipFMC PLC closed $3.83 short of its 52-week high ($10.70), which the company reached on June 8th.
The stock underperformed when compared to some of its competitors Friday, as NOV Inc. rose 5.50% to $17.25 and Oil States International Inc. rose 8.10% to $6.67. Trading volume (13.7 M) eclipsed its 50-day average volume of 7.2 M.