TechnipFMC Stock Rallies to 52-Week High: Buy, Hold or Sell?
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TechnipFMC's stock has reached a 52-week high, driven by a significant increase in its total backlog, which rose to $14.7 billion in Q3 2024, marking an 11.1% year-over-year growth.
November 22, 2024 | 9:15 pm
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TechnipFMC's stock has reached a 52-week high due to a strong performance in Q3 2024, with its total backlog increasing by 11.1% year-over-year to $14.7 billion.
The significant increase in TechnipFMC's backlog indicates strong future revenue potential, which is a positive signal for investors. This has likely contributed to the stock reaching a 52-week high, suggesting a bullish short-term outlook.
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IMPORTANCE 80
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