Ferrovial (NASDAQ:FER) Sees Strong Trading Volume – Should You Buy?

Ferrovial SE (NASDAQ:FER) saw unusually-strong trading volume on Friday . Approximately 63,350 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 25,934 shares.The stock last traded at $42.15 and had previously closed at $41.98.

Ferrovial Trading Up 0.6 %

The business has a fifty day moving average price of $41.63.

Institutional Investors Weigh In On Ferrovial

A number of hedge funds and other institutional investors have recently bought and sold shares of FER. Allspring Global Investments Holdings LLC purchased a new position in Ferrovial in the third quarter worth $296,000. Susquehanna International Securities Ltd. acquired a new stake in shares of Ferrovial in the 2nd quarter worth $228,000. Susquehanna Fundamental Investments LLC purchased a new position in Ferrovial during the 2nd quarter worth $2,219,000. Legal & General Group Plc acquired a new position in Ferrovial during the 2nd quarter valued at about $325,256,000. Finally, Luxor Capital Group LP acquired a new position in Ferrovial during the 2nd quarter valued at about $11,161,000.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.