Shares of FTI Consulting (FCN) Sees Large Outflow of Money

FTI Consulting (FCN) : The total negative money flow of $2.22 million on Thursday indicates selling on strength. The inflow of money on upticks was $0.33 million, compared to $2.55 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.13. The negative money flow of $2.03 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.03 million. The price action in the FTI Consulting (FCN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $40.97 with a gain of $0.07 , a change of 0.17% over the previous days close. The stock registered 0.05% for the week.


FTI Consulting (FCN) : 2 Wall Street analysts covering FTI Consulting (FCN) believe that the average level the stock could reach for the short term is $43. The maximum price target given is $45 and the minimum target for short term is around $41, hence the standard deviation is calculated at $2.83. The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 0.26%.

FTI Consulting (NYSE:FCN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.98 and $40.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.91, notching a gain of 0.02% for the day. The total traded volume was 144,909 . The stock had closed at $40.90 on the previous day.

FTI Consulting, Inc. (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Company assists clients addressing a range of business challenges, such as restructuring (including bankruptcy), financing and credit issues and indebtedness, interim business management, forensic accounting and litigation matters, international arbitrations, merger and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications. The Company also provides services to help its clients take advantage of economic, regulatory, financial and other business opportunities.

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