FTI Consulting Stock On Symmetrical Triangle Breakout

  • Post category:Stock Trading
  • Reading time:9 mins read
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In this article we discuss the symmetrical triangle breakout on FTI Consulting stock and the news surrounding the event that may be acting as a catalyst. FTI Consulting offers consulting services to businesses on how to manage change, reduce risk, and settle disputes globally. Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications are the company’s five business segments. The company provides services to the following industries: aerospace and defense, agriculture, airlines and aviation, automotive and industrial, construction, energy, power and products, environmental solutions, financial services, healthcare and life sciences, hospitality, gaming and leisure, insurance, mining, private equity, public sector, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics.

FTI Consulting Stock

FTI Consulting stock did a Symmetrical Triangle breakout on February 3, 2023. The stock is in a technical downtrend as it’s having trouble rallying after the triangle breakout.

FTI Consulting stock chart on February 20 2023 with Symmetrical Triangle breakout chart pattern
FTI Consulting stock chart on February 20, 2023, with Symmetrical Triangle breakout chart pattern

FTI consulting stock price seems to be stalling out after its Symmetrical Triangle breakout.

FTI Consulting Income Statement

FTI Consulting Income Statement shows good top line growth through Q3 2022
FTI Consulting Income Statement shows good top line growth through Q3 2022

FTI Consulting Expands Capabilities in Saudi Arabia with Two Senior Hires

FTI Consulting announced the appointments of Majdi Al-Madani as a Senior Managing Director in the firm’s Forensic and Litigation Consulting segment and Raed Masri as a Managing Director in the Corporate Finance and Restructuring segment on January 23, 2023 in Riyadh, Saudi Arabia.

Mr. Al-Madani has over 20 years of experience providing advice on forensic reviews and fraud investigations in a variety of industries, including banking, financial services, real estate, life sciences, maritime, agriculture, and construction. He offers corporate and bank clients advice on fraud-related issues, anti-corruption policies and practices, and regulatory and compliance issues. Mr. Al-Madani previously held the position of partner at a large management consulting firm before joining FTI Consulting. Prior to that, he served in management, compliance, and audit positions at important banks in the region as well as holding leadership positions at two Big Four firms in Saudi Arabia.

Mr. Sara Gassam, an expert in investigations who has been named a Director, will work alongside Al Madani. Ms. Gassam has nine years of forensic review and investigation experience from prior employment with a Big Four firm and a global construction disputes consultancy. She has worked in a variety of industries, including aviation, construction, pharmaceuticals, and entertainment, with banks, governmental organizations, multinational corporations, and family-owned businesses.

“Majdi brings valuable experience in the complex issues that our clients face in Saudi Arabia, and we are delighted to have him on board to support our growth ambitions in the region,” said Rory O’Brien, EMEA Head of the Forensic and Litigation Consulting segment at FTI Consulting. “We continue to expand our offering in international markets that are critical to our clients. The arrival of skilled experts such as Majdi and Sara is consistent with that strategy.”

Commenting on his appointment, Mr. Al-Madani said, “FTI Consulting has a long-established presence in the Middle East, and I am excited to contribute to the firm’s ongoing success as it pursues a new phase of growth in Saudi Arabia. Businesses face increasing regulatory and compliance pressure in their efforts to combat fraud and corruption, and I will work alongside my new colleagues to help clients address these complex challenges.”

FTI Consulting Expands Economic Consulting Segment in Hong Kong with Appointment of Edwina Tam

FTI Consulting announced Edwina Tam’s appointment as a Senior Managing Director in the division’s Economic Consulting in Hong Kong on January 18, 2023.

In addition to assessing risk and damages exposure, business valuation, and damage quantification, Tam brings more than 20 years of experience as an advisor on all facets of litigation and complex disputes. She will concentrate her efforts at FTI Consulting on expanding the company’s valuation services in contentious and non-contentious matters, especially in the Greater China region.

According to James Nicholson, Senior Managing Director and Head of Asia Economic Consulting at FTI Consulting, “Edwina adds a new dimension to our market-leading offering in expert witness loss quantification work in litigation and arbitration. She brings experience leading high-stakes valuation projects to our team. Particularly in the Greater China area, Edwina has an extraordinary network. She is a welcome addition to our Asia Economic and Financial Consulting team, and I couldn’t be happier.”

Ms. Tam was the Southern Regional Financial Advisory Leader at Deloitte prior to joining FTI Consulting. She specialized in corporate reorganization for both publicly traded and privately held companies as well as the valuation of businesses and intangible assets. She concentrated on tax reorganization, strategic planning, financial statement reporting, including purchase price allocation under HKFRS/IFRS and US GAAP, mergers and acquisitions, financial statement reporting, and litigation support.

Ms. Tam has experience in a wide range of fields, including manufacturing, real estate, alternative energy, private equity, financial services, insurance, telecommunications, oil and gas, and other industries. She has offered Hong Kong government, attorneys, listed companies, and particular minority shareholders litigation support services in financial and business valuations and loss-of-profit claims.

Commenting on her appointment, Ms. Tam said, “I am excited to join this group of highly talented and collaborative professionals at FTI Consulting and be part of the growth journey to be the leading expert-driven consulting firm in the Asia Pacific region, strengthening capabilities to support clients in navigating through their challenging economic problems.”

Frequently Asked Questions

What was the 52-week high for FTI Consulting stock?

The 52-week high in FTI Consulting stock is $190.43. As of February 20, 2023, FTI Consulting stock trades -13.8% below its 52-week high.

Do any famous investors hold FTI Consulting stock?

Yes, Warren Buffett’s Berkshire Hathaway owns a stake in FTI Consulting.

Is a Symmetrical Triangle a bullish pattern?

No, a Symmetrical Triangle is a neutral pattern and can indicate either a bullish or a bearish move.
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