Ares Management Corp’s recently made public that its Co-Founder and CEO Arougheti Michael J unloaded Company’s shares for reported $16.98 million on Mar 24 ’25. In the deal valued at $153.17 per share,110,845 shares were sold. As a result of this transaction, Arougheti Michael J now holds 1,400,000 shares worth roughly $192.84 million.
Then, MICHAEL J AROUGHETI bought 110,845 shares, generating $16,372,915 in total proceeds.
Before that, BHUTANI ASHISH bought 10,000 shares. Ares Management Corp shares valued at $1,413,300 were divested by the Director at a price of $141.33 per share. As a result of the transaction, BHUTANI ASHISH now holds 22,905 shares, worth roughly $3.15 million.
Citizens JMP upgraded its Ares Management Corp [ARES] rating to a Mkt outperform from a a Mkt perform in a research note published recently. Keefe Bruyette also remained covering ARES and has increased its forecast on December 20, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wells Fargo revised its rating on December 12, 2024. It rated ARES as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of ARES
On Friday, Ares Management Corp [NYSE:ARES] saw its stock jump 1.45% to $137.74. Over the last five days, the stock has gained 16.69%. Ares Management Corp shares have fallen nearly -22.19% since the year began. Nevertheless, the stocks have risen 2.76% over the past one year. While a 52-week high of $200.49 was reached on 02/04/25, a 52-week low of $110.63 was recorded on 04/07/25. SMA at 50 days reached $160.65, while 200 days put it at $160.97.
Levels Of Support And Resistance For ARES Stock
The 24-hour chart illustrates a support level at 132.37, which if violated will result in even more drops to 127.00. On the upside, there is a resistance level at 140.92. A further resistance level may holdings at 144.10. The Relative Strength Index (RSI) on the 14-day chart is 44.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.77%. Stochastics %K at 61.17% indicates the stock is a holding.
How much short interest is there in Ares Management Corp?
A steep rise in short interest was recorded in Ares Management Corp stocks on 2025-03-31, growing by 1.6 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.89 million shares. There was a rise of 29.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 12, 2024 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $156 price target.
