Ares Management Corp’s recently made public that its Co-Founder & Chairman of PEG Rosenthal Bennett unloaded Company’s shares for reported $11.24 million on Mar 04 ’25. In the deal valued at $161.01 per share,69,809 shares were sold. As a result of this transaction, Rosenthal Bennett now holds 30,191 shares worth roughly $4.68 million.
Then, Rosenthal Bennett sold 30,191 shares, generating $4,860,362 in total proceeds. Upon selling the shares at $160.99, the Co-Founder & Chairman of PEG now owns 0 shares.
Before that, KAPLAN DAVID B sold 69,526 shares. Ares Management Corp shares valued at $11,192,960 were divested by the Co-Founder at a price of $160.99 per share. As a result of the transaction, KAPLAN DAVID B now holds 30,474 shares, worth roughly $4.72 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 Friday, Ares Management Corp [NYSE:ARES] saw its stock jump 1.04% to $154.96. Over the last five days, the stock has lost -9.35%. Ares Management Corp shares have fallen nearly -12.47% since the year began. Nevertheless, the stocks have risen 14.34% 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 03/07/25. SMA at 50 days reached $181.89, while 200 days put it at $160.41.
Levels Of Support And Resistance For ARES Stock
The 24-hour chart illustrates a support level at 149.67, which if violated will result in even more drops to 144.37. On the upside, there is a resistance level at 158.21. A further resistance level may holdings at 161.45. The Relative Strength Index (RSI) on the 14-day chart is 28.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.37%. Stochastics %K at 13.38% indicates the stock is a buying.
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.
