Ares Management Corp’s recently made public that its Head of Credit Group deVeer R. Kipp unloaded Company’s shares for reported $6.26 million on Jul 22 ’24. In the deal valued at $150.21 per share,41,676 shares were sold. As a result of this transaction, deVeer R. Kipp now holds 1,075,000 shares worth roughly $150.87 million.
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Then, Rosenthal Bennett sold 150,000 shares, generating $19,790,618 in total proceeds. Upon selling the shares at $131.94, the Co-Founder & Chairman of PEG now owns 0 shares.
Before that, KAPLAN DAVID B sold 125,000 shares. Ares Management Corp shares valued at $16,492,637 were divested by the Co-Founder at a price of $131.94 per share. As a result of the transaction, KAPLAN DAVID B now holds 0 shares, worth roughly $0.0.
Deutsche Bank downgraded its Ares Management Corp [ARES] rating to a Hold from a a Buy in a research note published on June 13, 2024; the price target was decreased to $132 from $176. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. TD Cowen began covering ARES with “Buy” recommendation on May 07, 2024. Jefferies revised its rating on January 09, 2024. It rated ARES as “a Hold” which previously was an “a Buy”.
Price Performance Review of ARES
On Monday, Ares Management Corp [NYSE:ARES] saw its stock fall -0.85% to $140.34. Over the last five days, the stock has gained 4.94%. Ares Management Corp shares have risen nearly 18.01% since the year began. Nevertheless, the stocks have risen 38.27% over the past one year. While a 52-week high of $155.53 was reached on 07/31/24, a 52-week low of $96.00 was recorded on 01/18/24. SMA at 50 days reached $139.60, while 200 days put it at $128.51.
Levels Of Support And Resistance For ARES Stock
The 24-hour chart illustrates a support level at 139.13, which if violated will result in even more drops to 137.91. On the upside, there is a resistance level at 141.73. A further resistance level may holdings at 143.11. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.18%. Stochastics%K at 44.61% indicates the stock is a holding.
How much short interest is there in Ares Management Corp?
A steep rise in short interest was recorded in Ares Management Corp stocks on
The most recent change occurred on October 05, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $133 price target.
