Affiliated Managers Group Inc’s recent filing unveils that 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 $67.17 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 $15.4 million.
TD Cowen downgraded its Affiliated Managers Group Inc [AMG] rating to a Hold from a a Buy in a research note published on November 05, 2024; the price target was decreased to $177 from $226. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Jefferies also remained covering AMG and has increased its forecast on November 28, 2022 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of AMG
On Friday, Affiliated Managers Group Inc [NYSE:AMG] saw its stock jump 1.67% to $182.53. Over the last five days, the stock has lost -2.18%. Affiliated Managers Group Inc shares have risen nearly 20.55% since the year began. Nevertheless, the stocks have risen 22.43% over the past one year. While a 52-week high of $199.52 was reached on 10/30/24, a 52-week low of $145.36 was recorded on 01/16/24. SMA at 50 days reached $187.59, while 200 days put it at $170.79.
Levels Of Support And Resistance For AMG Stock
The 24-hour chart illustrates a support level at 179.64, which if violated will result in even more drops to 176.74. On the upside, there is a resistance level at 185.00. A further resistance level may holdings at 187.46. The Relative Strength Index (RSI) on the 14-day chart is 44.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.06%. Stochastics %K at 15.46% indicates the stock is a buying.
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 2024-11-29, dropping by 22387.0 shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.45 million shares. There was a decline of -5.18%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 19, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $140 price target.
