FPS is trading 4.2% down at $60.75 as investors lock in gains following a sharp multi-day rally linked to index inclusion and a bullish analyst update.
- The stock had climbed more than 14% over the past week, fueled by its June 22 inclusion in the S&P Global BMI Index and a TD Cowen price target hike to $73.
- Today's decline reflects profit-taking and position rebalancing following the recent index-addition pop, occurring against a mixed broader market backdrop.