Fluor Corporation’s stock price has taken a significant hit due to delays in one of its major construction projects. The company, which provides engineering and construction services, reported that its project was delayed, causing investors to sell their shares.
The stock price has declined by 5.30% over the past five days, marking a decrease from January 1st. As of today, Fluor Corporation’s stock is trading at $37.72 per share, down -13.25% since the start of the year and -23.66% in the past month.
The delay has raised concerns among investors about the company’s ability to deliver projects on time and within budget. The impact of this delayed project is still being felt, and it remains to be seen how it will affect Fluor Corporation’s future performance.
Source: https://www.marketscreener.com/quote/stock/FLUOR-CORPORATION-41148781/news/Truist-Securities-Adjusts-Price-Target-on-Fluor-to-60-From-65-Keeps-Buy-Rating-49100173