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Chief Mktg. & Strategy Officer Berry Ryan sale 14,357 shares of Ares Management Corp [ARES]

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ares Management Corp shares valued at $2,586,557 were sold by Berry Ryan on Dec 11 ’24. At $180.16 per share, Berry Ryan sold 14,357 shares. The insider’s holdings dropped to 233,214 shares worth approximately $43.82 million following the completion of this transaction.

Also, Berry Ryan sold 200 shares, netting a total of over 36,014 in proceeds. Following the sale of shares at $180.07 each, the insider now holds 253,014 shares.

Before that, ARES MANAGEMENT LLC had sold 11,500,000 shares from its account. In a trade valued at $395,255,000, the 10% Owner traded Ares Management Corp shares for $34.37 each. Upon closing the transaction, the insider’s holdings decreased to 11,500,000 shares, worth approximately $4.5 billion.

As published in a research note from Keefe Bruyette on December 20, 2024, Ares Management Corp [ARES] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $202 from $166. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of September 12, 2024, Wells Fargo has initiated its “an Equal weight” rating for ARES. Earlier on August 27, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for ARES stock.

Analyzing ARES Stock Performance

During the last five days, there has been a surge of approximately 3.07%. Over the course of the year, Ares Management Corp shares have jumped approximately 6.14%. Shares of the company reached a 52-week high of $190.15 on 01/16/25 and a 52-week low of $171.47 on 01/13/25. A 50-day SMA is recorded $175.74, while a 200-day SMA reached $152.40. Nevertheless, trading volume fell to 0.97 million shares from 0.79 million shares the previous day.

Support And Resistance Levels for Ares Management Corp (ARES)

According to the 24-hour chart, there is a support level at 185.26, which, if violated, would cause prices to drop to 182.61. In the upper region, resistance lies at 190.35. The next price resistance is at 192.79. RSI (Relative Strength Index) is 62.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.77, which suggests the price will increase in the coming days. Percent R is at 12.04%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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