Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadian Asset Management Inc shares valued at $1,996,455 were purchased by Hart Richard Jonathan on Nov 11 ’24. At $28.52 per share, Hart Richard Jonathan acquired 70,000 shares.
Also, Hart Richard Jonathan sold 70,000 shares, netting a total of over 1,996,400 in proceeds. Following the sale of shares at $28.52 each, the insider now holds 155,778 shares.
Before that, Rana Suren had sold 109,960 shares from its account. In a trade valued at $2,280,361, the President and CEO traded Acadian Asset Management Inc shares for $20.74 each. Upon closing the transaction, the insider’s holdings decreased to 109,960 shares, worth approximately $3.28 million.
As published in a research note from RBC Capital Mkts on December 10, 2024, Acadian Asset Management Inc [AAMI] has been rated down from an Outperform to a Sector perform and the price target has been revised to $33 from $30. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid October. As of December 14, 2021, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for AAMI. Earlier on October 29, 2021, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for AAMI stock which previously was a “an Outperform”.
Analyzing AAMI Stock Performance
During the last five days, there has been a drop of approximately -4.94%. Over the course of the year, Acadian Asset Management Inc shares have dropped approximately -4.94%. Shares of the company reached a 52-week high of $26.83 on 01/02/25 and a 52-week low of $24.80 on 01/08/25. A 50-day SMA is recorded $28.82, while a 200-day SMA reached $24.85.
Support And Resistance Levels for Acadian Asset Management Inc (AAMI)
According to the 24-hour chart, there is a support level at 24.85, which, if violated, would cause prices to drop to 24.66. In the upper region, resistance lies at 25.18. The next price resistance is at 25.33. RSI (Relative Strength Index) is 21.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.23, which suggests the price will decrease in the coming days. Percent R is at 95.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
