In a filing, Artisan Partners Asset Management Inc revealed its Executive Vice President Ramirez Gregory K unloaded Company’s shares for reported $0.11 million on Feb 08 ’24. In the deal valued at $42.28 per share,2,500 shares were sold. As a result of this transaction, Ramirez Gregory K now holds 83,335 shares worth roughly $3.9 million.
TD Cowen initiated its Artisan Partners Asset Management Inc [APAM] rating to a Market perform in a research note published on January 04, 2024; the price target was $41. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early March from “a Neutral” to “a Sell”. Credit Suisse began covering APAM with “Neutral” recommendation on October 19, 2022. Goldman revised its rating on January 04, 2022. It rated APAM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of APAM
On Tuesday, Artisan Partners Asset Management Inc [NYSE:APAM] saw its stock jump 1.17% to $46.74. Over the last five days, the stock has gained 3.64%. Artisan Partners Asset Management Inc shares have risen nearly 6.67% since the year began. Nevertheless, the stocks have risen 47.50% over the past one year. While a 52-week high of $46.56 was reached on 04/09/24, a 52-week low of $31.02 was recorded on 02/14/24. SMA at 50 days reached $43.53, while 200 days put it at $39.93. A total of 0.26 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For APAM Stock
The 24-hour chart illustrates a support level at 45.91, which if violated will result in even more drops to 45.08. On the upside, there is a resistance level at 47.16. A further resistance level may holdings at 47.58. The Relative Strength Index (RSI) on the 14-day chart is 65.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.25%. Stochastics %K at 86.80% indicates the stock is a selling.
How much short interest is there in Artisan Partners Asset Management Inc?
A steep rise in short interest was recorded in Artisan Partners Asset Management Inc stocks on Mar 15, 2024, dropping by 20000.0 shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.08 million shares. There was a decline of -0.65%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.17.
The most recent change occurred on December 22, 2021 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $48 price target.
