Acadian Asset Management Inc’s filing revealed that its Officer Hart Richard Jonathan acquired Company’s shares for reported $2.0 million on Nov 11 ’24. In the deal valued at $28.52 per share,70,000 shares were bought.
Then, Hart Richard Jonathan sold 70,000 shares, generating $1,996,400 in total proceeds. Upon selling the shares at $28.52, the Chief Legal Officer now owns 155,778 shares.
RBC Capital Mkts downgraded its Acadian Asset Management Inc [AAMI] rating to a Sector perform from a an Outperform in a research note published on December 10, 2024; the price target was increased to $33 from $30. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid October from “an Equal-weight” to “an Underweight”. Morgan Stanley also remained covering AAMI and has decreased its forecast on December 14, 2021 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on October 29, 2021. It rated AAMI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AAMI
On Friday, Acadian Asset Management Inc [NYSE:AAMI] saw its stock jump 0.23% to $25.69. Over the last five days, the stock has gained 1.86%. Acadian Asset Management Inc shares have fallen nearly -2.47% since the year began. Nevertheless, the stocks have risen 20.84% over the past one year. While a 52-week high of $31.52 was reached on 01/02/25, a 52-week low of $20.28 was recorded on 02/04/25. SMA at 50 days reached $26.70, while 200 days put it at $25.13.
Levels Of Support And Resistance For AAMI Stock
The 24-hour chart illustrates a support level at 25.52, which if violated will result in even more drops to 25.34. On the upside, there is a resistance level at 25.83. A further resistance level may holdings at 25.96. The Relative Strength Index (RSI) on the 14-day chart is 51.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 68.72% indicates the stock is a holding.
How much short interest is there in Acadian Asset Management Inc?
A steep rise in short interest was recorded in Acadian Asset Management Inc stocks on 2025-01-31, growing by 4496.0 shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.77 million shares. There was a rise of 0.25%, which implies that there is a positive sentiment for the stock.
