In a filing, Affiliated Managers Group Inc revealed its President and CEO Horgen Jay C. unloaded Company’s shares for reported $1.58 million on Aug 20 ’24. In the deal valued at $169.93 per share,9,300 shares were sold. As a result of this transaction, Horgen Jay C. now holds 367,976 shares worth roughly $65.15 million.
Then, Horgen Jay C. sold 9,000 shares, generating $1,547,820 in total proceeds. Upon selling the shares at $171.98, the President and CEO now owns 377,276 shares.
Before that, Wojcik Thomas M sold 4,786 shares. Affiliated Managers Group Inc shares valued at $826,590 were divested by the Chief Operating Officer at a price of $172.71 per share. As a result of the transaction, Wojcik Thomas M now holds 84,392 shares, worth roughly $14.94 million.
TD Cowen initiated its Affiliated Managers Group Inc [AMG] rating to an Outperform in a research note published on January 04, 2024; the price target was $185. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late November from “a Hold” to “a Buy”. Credit Suisse started covering the stock on October 19, 2022. It rated AMG as “an Outperform”.
Price Performance Review of AMG
On Monday, Affiliated Managers Group Inc [NYSE:AMG] saw its stock fall -8.64% to $177.06. Over the last five days, the stock has lost -9.11%. Affiliated Managers Group Inc shares have risen nearly 16.93% since the year began. Nevertheless, the stocks have risen 41.76% over the past one year. While a 52-week high of $199.52 was reached on 10/30/24, a 52-week low of $123.65 was recorded on 01/16/24. SMA at 50 days reached $180.33, while 200 days put it at $165.75.
Levels Of Support And Resistance For AMG Stock
The 24-hour chart illustrates a support level at 170.09, which if violated will result in even more drops to 163.13. On the upside, there is a resistance level at 187.51. A further resistance level may holdings at 197.97. The Relative Strength Index (RSI) on the 14-day chart is 36.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.58%. Stochastics %K at 43.02% indicates the stock is a holding.
How much short interest is there in Affiliated Managers Group Inc?
A steep rise in short interest was recorded in Affiliated Managers Group Inc stocks on 2024-10-15, dropping by -0.19 million shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.73 million shares. There was a decline of -34.01%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 16, 2021 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $186 price target.
