Published on 28 Feb 2022 on Market Watch
TechnipFMC PLC stock underperforms Monday when compared to competitors despite daily gains
Shares of TechnipFMC PLC inched 0.74% higher to $6.85 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.24% to 4,373.94 and Dow Jones Industrial Average falling 0.49% to 33,892.60. This was the stock's third consecutive day of gains. TechnipFMC PLC closed $3.85 below its 52-week high ($10.70), which the company reached on June 8th.
The stock underperformed when compared to some of its competitors Monday, as NOV Inc. rose 1.30% to $17.15 and Oil States International Inc. rose 1.55% to $5.23. Trading volume (9.6 M) eclipsed its 50-day average volume of 9.2 M.