Among the biggest risers on the S&P 500 on Wednesday December 04 was TechnipFMC plc ($FTI), popping some 3.18% to a price of $19.15 a share with some 4.19 million shares trading hands.
Starting the day trading at $18.74, TechnipFMC plc reached an intraday high of $19.30 and hit intraday lows of $18.70. Shares gained $0.59 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 447.06 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $18.20 to $28.57.
TechnipFMC is the largest provider of integrated deep-water offshore oil and gas development solutions, offering the full spectrum of subsea equipment and subsea engineering and construction services. Additionally, the company provides various oil and gas onshore engineering and construction services, with a long-standing expertise in delivering liquefied natural gas projects.
TechnipFMC plc has its corporate headquarters located in London, and employs 37,000 people. Its market cap has now risen to $8.56 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 0.84, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.