Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ares Management Corp shares valued at $16,977,649 were sold by Arougheti Michael J on Mar 24 ’25. At $153.17 per share, Arougheti Michael J sold 110,845 shares. The insider’s holdings dropped to 1,400,000 shares worth approximately $214.59 million following the completion of this transaction.
Also, MICHAEL J AROUGHETI purchased 110,845 shares, netting a total of over 16,372,915 in proceeds.
Before that, BHUTANI ASHISH had added 10,000 shares to its account. In a trade valued at $1,413,300, the Director bought Ares Management Corp shares for $141.33 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $3.51 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 surge of approximately 3.84%. Over the course of the year, Ares Management Corp shares have dropped approximately -13.42%. Shares of the company reached a 52-week high of $200.49 on 02/04/25 and a 52-week low of $138.27 on 03/13/25. A 50-day SMA is recorded $173.52, while a 200-day SMA reached $160.76.
Support And Resistance Levels for Ares Management Corp (ARES)
According to the 24-hour chart, there is a support level at 151.40, which, if violated, would cause prices to drop to 149.52. In the upper region, resistance lies at 155.78. The next price resistance is at 158.28. RSI (Relative Strength Index) is 44.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.64, which suggests the price will increase in the coming days. Percent R is at 17.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
