The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ares Management Corp shares valued at $1,910,000 were purchased by RYAN BERRY on Sep 18 ’24. At $152.80 per share, RYAN BERRY acquired 12,500 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, RYAN BERRY purchased 25,000 shares, netting a total of over 3,734,750 in proceeds.
Before that, Berry Ryan had sold 19,999 shares from its account. In a trade valued at $2,911,355, the Chief Mktg. & Strategy Officer traded Ares Management Corp shares for $145.58 each. Upon closing the transaction, the insider’s holdings decreased to 19,999 shares, worth approximately $65.01 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Ares Management Corp [ARES] has been an Equal weight and the price target has been revised to $156. Analysts at Redburn Atlantic started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of June 13, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for ARES. Earlier on May 28, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for ARES stock.
Analyzing ARES Stock Performance
During the last five days, there has been a surge of approximately 7.70%. Over the course of the year, Ares Management Corp shares have jumped approximately 28.11%. Shares of the company reached a 52-week high of $155.65 on 09/18/24 and a 52-week low of $112.83 on 01/18/24. A 50-day SMA is recorded $144.27, while a 200-day SMA reached $133.54. Nevertheless, trading volume fell to 0.88 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Ares Management Corp (ARES)
According to the 24-hour chart, there is a support level at 150.22, which, if violated, would cause prices to drop to 148.10. In the upper region, resistance lies at 155.06. The next price resistance is at 157.78. RSI (Relative Strength Index) is 65.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.26, which suggests the price will increase in the coming days. Percent R is at 16.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
#####
#####
