- FTI Consulting Inc (NYSE:FCN) Board of Directors authorized the additional amount of $400.0 million to repurchase its outstanding shares on December 1, 2022.
- As of November 30, 2022, FTI has repurchased about 11.3 million shares pursuant to its stock repurchase program at an average price per share of $70.93 for about $799.0 million.
- After the increased authorization, FTI Consulting has approximately $501.0 million remaining available for repurchases under its program.
- The repurchases may be funded using available cash on hand or a combination of cash and available borrowings.
- FTI Consulting held $327 million in cash and equivalents as of September 30, 2022.
- Price Action: FCN shares are trading higher by 0.32% at $169.01 on the last check Friday.
Dell Technologies Stock Rallied On Wednesday: What Happened?
Dell Technologies (NYSE: DELL) shares experienced an uptick in trading activity on Wednesday following an upward price target revision from BofA Securities. Analyst Wamsi Mohan reaffirmed a Buy rating for Dell Technologies while lifting the price target from $130 to $180.
