Ares Management Corp’s recent filing unveils that its Chief Mktg. & Strategy Officer Berry Ryan unloaded Company’s shares for reported $2.59 million on Dec 11 ’24. In the deal valued at $180.16 per share,14,357 shares were sold. As a result of this transaction, Berry Ryan now holds 233,214 shares worth roughly $42.05 million.
Then, Berry Ryan sold 200 shares, generating $36,014 in total proceeds. Upon selling the shares at $180.07, the Chief Mktg. & Strategy Officer now owns 253,014 shares.
Before that, ARES MANAGEMENT LLC sold 11,500,000 shares. Ares Management Corp shares valued at $395,255,000 were divested by the 10% Owner at a price of $34.37 per share. As a result of the transaction, ARES MANAGEMENT LLC now holds 23,922,768 shares, worth roughly $4.31 billion.
Keefe Bruyette upgraded its Ares Management Corp [ARES] rating to an Outperform from a a Mkt perform in a research note published on December 20, 2024; the price target was increased to $202 from $166. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wells Fargo began covering ARES with “an Equal weight” recommendation on September 12, 2024. Redburn Atlantic started covering the stock on August 27, 2024. It rated ARES as “a Neutral”.
Price Performance Review of ARES
On Monday, Ares Management Corp [NYSE:ARES] saw its stock fall -0.45% to $180.30. Over the last five days, the stock has gained 0.45%. Ares Management Corp shares have risen nearly 1.85% since the year began. Nevertheless, the stocks have risen 54.79% over the past one year. While a 52-week high of $185.06 was reached on 01/06/25, a 52-week low of $112.83 was recorded on 01/02/25. SMA at 50 days reached $174.09, while 200 days put it at $150.77.
Levels Of Support And Resistance For ARES Stock
The 24-hour chart illustrates a support level at 178.69, which if violated will result in even more drops to 177.07. On the upside, there is a resistance level at 183.32. A further resistance level may holdings at 186.33. The Relative Strength Index (RSI) on the 14-day chart is 55.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.13%. Stochastics %K at 69.48% 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 2024-12-13, growing by 0.19 million shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.39 million shares. There was a rise of 5.29%, which implies that there is a positive sentiment for the stock.
