Acadian Asset Management Inc’s recently made public 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.
Morgan Stanley upgraded its Acadian Asset Management Inc [AAMI] rating to an Equal-weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Sector perform”. Morgan Stanley also remained covering AAMI and has decreased its forecast on October 18, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Morgan Stanley revised its rating on December 14, 2021. It rated AAMI as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of AAMI
On Monday, Acadian Asset Management Inc [NYSE:AAMI] saw its stock jump 1.66% to $23.34. Over the last five days, the stock has lost -9.74%. Acadian Asset Management Inc shares have fallen nearly -11.39% since the year began. Nevertheless, the stocks have risen 1.97% over the past one year. While a 52-week high of $31.52 was reached on 03/26/25, a 52-week low of $21.45 was recorded on 04/07/25. SMA at 50 days reached $25.10, while 200 days put it at $25.58.
Levels Of Support And Resistance For AAMI Stock
The 24-hour chart illustrates a support level at 22.22, which if violated will result in even more drops to 21.11. On the upside, there is a resistance level at 24.83. A further resistance level may holdings at 26.33. The Relative Strength Index (RSI) on the 14-day chart is 36.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.00%. Stochastics %K at 8.67% indicates the stock is a buying.
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 2025-03-14, dropping by -1.44 million shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.78 million shares. There was a decline of -430.46%, which implies that there is a negative sentiment for the stock.
