Shares closed at $71.03 on Thursday, marking a second straight daily loss as the S&P 500 fell 0.38% and the Dow dropped 0.63%.
The stock finished 8.68% below its 52-week high of $77.78 reached on 30 April and lagged peer Oil States International, which slipped 0.11% to $8.90.
Trading volume was 4.0 million shares, about 100,636 below its 50-day average of 4.1 million, indicating lighter-than-usual activity during the broader market decline.
Why is TechnipFMC's stock falling despite high oil prices fueled by geopolitical tension?
With a record backlog but heavy insider selling, is TechnipFMC a bargain or a falling knife for investors?
Can TechnipFMC's subsea dominance overcome the long-term threat of peak oil demand and the energy transition?