Is Fortive Corporation (NYSE:FTV) a Buy? The Stock Reported more Sellers

July 27, 2018 - By Matthew Richard

The stock of Fortive Corporation (NYSE:FTV) registered an increase of 6.06% in short interest. FTV’s total short interest was 3.38M shares in July as published by FINRA. Its up 6.06% from 3.19M shares, reported previously. With 1.79M shares average volume, it will take short sellers 2 days to cover their FTV’s short positions. The short interest to Fortive Corporation’s float is 1.1%.

The stock increased 2.76% or $2.18 during the last trading session, reaching $81.21. About 2.99M shares traded or 71.28% up from the average. Fortive Corporation (NYSE:FTV) has risen 18.65% since July 27, 2017 and is uptrending. It has outperformed by 6.08% the S&P500.

Fortive Corporation designs, develops, makes, markets, and services professional and engineered products, software, and services worldwide. The company has market cap of $28.34 billion. It operates in two divisions, Professional Instrumentation and Industrial Technologies. It has a 25.95 P/E ratio. The companyÂ’s field solutions include various professional test tools, thermal imaging, and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition monitoring equipment; and computerized maintenance management software for infrastructure in electrical utility and industrial applications under the FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, and QUALITROL brands.

More notable recent Fortive Corporation (NYSE:FTV) news were published by: Streetinsider.com which released: “Fortive (FTV) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS Outlook” on July 27, 2018, also Seekingalpha.com with their article: “Fortive Ties The Knot With Gordian” published on July 03, 2018, Seekingalpha.com published: “Fortive to acquire Gordian for ~$775M in cash” on July 02, 2018. More interesting news about Fortive Corporation (NYSE:FTV) were released by: Fool.com and their article: “3 Stocks That Turned $5000 Into $10000 in 5 Years” published on July 26, 2018 as well as Seekingalpha.com‘s news article titled: “Fortive Corporation 2018 Q2 – Results – Earnings Call Slides” with publication date: July 26, 2018.

Fortive Corporation (NYSE:FTV) Ratings Chart

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