Ares Management Corp’s filing revealed that its Co-President deVeer R. Kipp unloaded Company’s shares for reported $15.0 million on Feb 06 ’25. In the deal valued at $190.02 per share,78,933 shares were sold. As a result of this transaction, deVeer R. Kipp now holds 1,150,000 shares worth roughly $218.48 million.
Then, ROBERT KIPP DEVEER bought 78,933 shares, generating $14,969,643 in total proceeds.
Before that, Berry Ryan sold 14,357 shares. Ares Management Corp shares valued at $2,586,557 were divested by the Chief Mktg. & Strategy Officer at a price of $180.16 per share. As a result of the transaction, Berry Ryan now holds 233,214 shares, worth roughly $44.31 million.
A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid December from “a Mkt perform” to “an Outperform”. Wells Fargo also remained covering ARES and has increased its forecast on December 12, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on September 12, 2024. It rated ARES as “an Equal weight”.
Price Performance Review of ARES
On Monday, Ares Management Corp [NYSE:ARES] saw its stock fall -0.19% to $189.98. Over the last five days, the stock has lost -3.33%. Ares Management Corp shares have risen nearly 7.32% since the year began. Nevertheless, the stocks have risen 47.44% over the past one year. While a 52-week high of $200.49 was reached on 02/04/25, a 52-week low of $125.23 was recorded on 01/13/25. SMA at 50 days reached $183.40, while 200 days put it at $157.31.
Levels Of Support And Resistance For ARES Stock
The 24-hour chart illustrates a support level at 187.74, which if violated will result in even more drops to 185.50. On the upside, there is a resistance level at 191.81. A further resistance level may holdings at 193.64. The Relative Strength Index (RSI) on the 14-day chart is 51.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.36%. Stochastics %K at 49.18% 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 2025-01-15, growing by 0.19 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.58 million shares. There was a rise of 5.06%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 27, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $140 price target.
