Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FTI Consulting Inc. shares valued at $134,773 were sold by SABHERWAL AJAY on May 22 ’24. At $226.13 per share, SABHERWAL AJAY sold 596 shares. The insider’s holdings dropped to 13,455 shares worth approximately $2.89 million following the completion of this transaction.
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Also, Paul Holly sold 881 shares, netting a total of over 197,344 in proceeds. Following the sale of shares at $224.00 each, the insider now holds 22,855 shares.
Before that, SABHERWAL AJAY had sold 2,804 shares from its account. In a trade valued at $634,069, the Chief Financial Officer traded FTI Consulting Inc. shares for $226.13 each. Upon closing the transaction, the insider’s holdings decreased to 2,804 shares, worth approximately $3.02 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. 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 0.37%. Over the course of the year, FTI Consulting Inc. shares have jumped approximately 7.98%. 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 $216.00, while a 200-day SMA reached $206.08. Nevertheless, trading volume fell to 0.1 million shares from 0.12 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 215.52, which, if violated, would cause prices to drop to 213.26. In the upper region, resistance lies at 219.17. The next price resistance is at 220.56. RSI (Relative Strength Index) is 52.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.42, which suggests the price will increase in the coming days. Percent R is at 19.70%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
