Selling Buzz: FTI Consulting Inc. [FCN] Chief Strategy/Transf. Officer Linton Paul Alderman sells 1,000 shares of the company


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FTI Consulting Inc. shares valued at $172,240 were sold by Linton Paul Alderman on Dec 02. At $172.24 per share, Linton Paul Alderman sold 1,000 shares. The insider’s holdings dropped to 42,056 shares worth approximately $7.61 million following the completion of this transaction.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Also, Ellis Vernon James sold 1,500 shares, netting a total of over 257,940 in proceeds. Following the sale of shares at $171.96 each, the insider now holds 28,927 shares.

Before that, Costamagna Claudio had sold 8,000 shares from its account. In a trade valued at $1,296,000, the Director traded FTI Consulting Inc. shares for $162.00 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $7.02 million.

As published in their initiating research note from Goldman on January 11, 2023, FTI Consulting Inc. [FCN] has been a Neutral and the price target has been revised to $167. This represents a -8.35% premium over Thursday’s closing price. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in early May. As of May 01, 2020, Sidoti has increased its “Neutral” rating to a “Buy” for FCN. Earlier on April 15, 2020, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for FCN stock which previously was a “a Buy”.

Analyzing FCN Stock Performance

On Thursday, FTI Consulting Inc. [NYSE: FCN] rose 10.47% to $180.95. The stock’s lowest price that day was $168.00, but it reached a high of $184.735 in the same session. During the last five days, there has been a surge of approximately 12.67%. Over the course of the year, FTI Consulting Inc. shares have jumped approximately 13.95%. Shares of the company reached a 52-week high of $184.74 on 02/23/23 and a 52-week low of $154.60 on 01/19/23. A 50-day SMA is recorded $160.71, while a 200-day SMA reached $166.52. Nevertheless, trading volume fell to 0.54 million shares from 0.24 million shares the previous day.

Support And Resistance Levels for FTI Consulting Inc. (FCN)

According to the 24-hour chart, there is a support level at 171.05, which, if violated, would cause prices to drop to 161.16. In the upper region, resistance lies at 187.79. The next price resistance is at 194.63. RSI (Relative Strength Index) is 74.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.14, which suggests the price will increase in the coming days. Percent R is at 14.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is FTI Consulting Inc. subject to short interest?

Stocks of FTI Consulting Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by 50000.0 shares to 1.73 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.78 million shares. A decline of -2.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.1 of the overall float, the days-to-cover ratio (short ratio) decline to 8.1.

Which companies own the most shares of FTI Consulting Inc. (FCN)?

According to Mawer Investment Management Ltd. filings, the company currently owns 3,815,350 shares, which is about 11.08% of the total FCN shares outstanding. The investor’s shares have plunged by -546,057 from its previous 13-F filing of 4361407.0 shares. With the completion of the sale transaction, Kayne Anderson Rudnick Investment’s stake is now worth $537,064,279. The Vanguard Group, Inc. acquire a 1.53% interest valued at $503.79 million while BlackRock Fund Advisors purchased a 138,383 stake. A total of 661,686 shares of FTI Consulting Inc. were bought by Atlanta Capital Management Co. LL during the quarter, and -2,090 were sold by Neuberger Berman Investment Advis. In its current portfolio, AllianceBernstein LP holds 995,148 shares valued at $158.75 million.

In terms of FTI Consulting Inc. share price expectations, FactSet research, analysts set an average price target of $193.00 in the next 12 months, up nearly 17.83% from the previous closing price of $163.80. Analysts anticipate FTI Consulting Inc. stock to reach $220.00 by 2023, with the lowest price target being $166.00. In spite of this, 3 analysts ranked FTI Consulting Inc. stock as an Overweight at the end of 2023.


Please enter your comment!
Please enter your name here