Published on 18 Feb 2022 on Market Watch
TechnipFMC PLC stock falls Friday, underperforms market
Shares of TechnipFMC PLC shed 3.43% to $6.47 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,348.87 and Dow Jones Industrial Average falling 0.68% to 34,079.18. This was the stock's second consecutive day of losses. TechnipFMC PLC closed $4.23 short of its 52-week high ($10.70), which the company achieved on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as NOV Inc. rose 0.76% to $17.24 and Oil States International Inc. fell 13.68% to $5.49. Trading volume (12.7 M) eclipsed its 50-day average volume of 8.3 M.