The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. FTI Consulting Inc. shares valued at $6,979,486 were sold by Gunby Steven Henry on Mar 07 ’24. At $206.55 per share, Gunby Steven Henry sold 33,791 shares. The insider’s holdings dropped to 318,494 shares worth approximately $68.57 million following the completion of this transaction.
Also, Linton Paul Alderman sold 27,000 shares, netting a total of over 5,564,654 in proceeds. Following the sale of shares at $206.10 each, the insider now holds 44,284 shares.
Before that, Costamagna Claudio had sold 7,059 shares from its account. In a trade valued at $1,476,249, the Director traded FTI Consulting Inc. shares for $209.13 each. Upon closing the transaction, the insider’s holdings decreased to 7,059 shares, worth approximately $7.08 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. 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
During the last five days, there has been a surge of approximately 3.69%. Over the course of the year, FTI Consulting Inc. shares have jumped approximately 8.11%. Shares of the company reached a 52-week high of $228.41 on 04/25/24 and a 52-week low of $185.93 on 02/13/24. A 50-day SMA is recorded $206.80, while a 200-day SMA reached $199.07. Nevertheless, trading volume fell to 0.53 million shares from 0.15 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 208.23, which, if violated, would cause prices to drop to 201.15. In the upper region, resistance lies at 225.40. The next price resistance is at 235.49. RSI (Relative Strength Index) is 65.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.17, which suggests the price will increase in the coming days. Percent R is at 52.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
