The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ares Management Corp shares valued at $14,998,894 were sold by deVeer R. Kipp on Feb 06 ’25. At $190.02 per share, deVeer R. Kipp sold 78,933 shares. The insider’s holdings dropped to 1,150,000 shares worth approximately $206.64 million following the completion of this transaction.
Also, ROBERT KIPP DEVEER purchased 78,933 shares, netting a total of over 14,969,643 in proceeds.
Before that, Berry Ryan had sold 14,357 shares from its account. In a trade valued at $2,586,557, the Chief Mktg. & Strategy Officer traded Ares Management Corp shares for $180.16 each. Upon closing the transaction, the insider’s holdings decreased to 14,357 shares, worth approximately $41.91 million.
Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 12, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for ARES. Earlier on September 12, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for ARES stock.
Analyzing ARES Stock Performance
During the last five days, there has been a drop of approximately -1.71%. Over the course of the year, Ares Management Corp shares have jumped approximately 1.50%. Shares of the company reached a 52-week high of $200.49 on 02/04/25 and a 52-week low of $171.47 on 01/13/25. A 50-day SMA is recorded $184.61, while a 200-day SMA reached $159.09. Nevertheless, trading volume fell to 1.38 million shares from 1.33 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 174.89, which, if violated, would cause prices to drop to 170.09. In the upper region, resistance lies at 185.89. The next price resistance is at 192.09. RSI (Relative Strength Index) is 39.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.27, which suggests the price will decrease in the coming days. Percent R is at 85.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
