Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Affiliated Managers Group Inc shares valued at $1,580,349 were sold by Horgen Jay C. on Aug 20 ’24. At $169.93 per share, Horgen Jay C. sold 9,300 shares. The insider’s holdings dropped to 367,976 shares worth approximately $69.35 million following the completion of this transaction.
Also, Horgen Jay C. sold 9,000 shares, netting a total of over 1,547,820 in proceeds. Following the sale of shares at $171.98 each, the insider now holds 377,276 shares.
Before that, Wojcik Thomas M had sold 4,786 shares from its account. In a trade valued at $826,590, the Chief Operating Officer traded Affiliated Managers Group Inc shares for $172.71 each. Upon closing the transaction, the insider’s holdings decreased to 4,786 shares, worth approximately $15.9 million.
As published in a research note from TD Cowen on November 05, 2024, Affiliated Managers Group Inc [AMG] has been rated down from a Buy to a Hold and the price target has been revised to $177 from $226. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of November 28, 2022, Jefferies has increased its “Hold” rating to a “Buy” for AMG.
Analyzing AMG Stock Performance
During the last five days, there has been a surge of approximately 1.67%. Over the course of the year, Affiliated Managers Group Inc shares have jumped approximately 24.46%. Shares of the company reached a 52-week high of $199.52 on 10/30/24 and a 52-week low of $145.36 on 01/16/24. A 50-day SMA is recorded $185.62, while a 200-day SMA reached $168.56. Nevertheless, trading volume fell to 0.11 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Affiliated Managers Group Inc (AMG)
According to the 24-hour chart, there is a support level at 186.76, which, if violated, would cause prices to drop to 185.07. In the upper region, resistance lies at 190.64. The next price resistance is at 192.82. RSI (Relative Strength Index) is 53.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.46, which suggests the price will increase in the coming days. Percent R is at 39.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
