FLT Stock Summary and Trading Ideas (Fleetcor Technologies | NYSE:FLT)

Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. The United States is the largest geographic operating segment.

Fleetcor Technologies trades on the NYSE stock market under the symbol FLT.

As of April 15, 2024, FLT stock price was flat at $303.26 with million shares trading.

FLT has a beta of 0.91, meaning it tends to be less sensitive to market movements. FLT has a correlation of 0.17 to the broad based SPY ETF.

FLT has a market cap of $21.90 billion. This is considered a Large Cap stock.

In the last 3 years, FLT stock traded as high as $309.39 and as low as $161.69.

The top ETF exchange traded funds that FLT belongs to (by Net Assets): VTI, VOO, VO, VTV, VOT.

FLT has outperformed the market in the last year with a price return of +41.7% while the SPY ETF gained +25.3%. FLT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.8% and 0.0%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

FLT support price is $301.02 and resistance is $305.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLT stock will trade within this expected range on the day.