Taking this into account, BofA Securities upgraded its Brookfield Asset Management Ltd [BAM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. UBS began covering BAM with “Buy” recommendation on December 16, 2024. Jefferies started covering the stock on August 02, 2024. It rated BAM as “a Hold”.
Price Performance Review of BAM
On Monday, Brookfield Asset Management Ltd [NYSE:BAM] saw its stock fall -2.70% to $47.28. Over the last five days, the stock has lost -0.06%. Brookfield Asset Management Ltd shares have fallen nearly -12.75% since the year began. Nevertheless, the stocks have risen 21.14% over the past one year. While a 52-week high of $62.61 was reached on 01/30/25, a 52-week low of $37.29 was recorded on 04/09/25. SMA at 50 days reached $51.38, while 200 days put it at $49.96.
Levels Of Support And Resistance For BAM Stock
The 24-hour chart illustrates a support level at 46.60, which if violated will result in even more drops to 45.92. On the upside, there is a resistance level at 48.17. A further resistance level may holdings at 49.07. The Relative Strength Index (RSI) on the 14-day chart is 45.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.23%. Stochastics %K at 70.42% indicates the stock is a holding.
How much short interest is there in Brookfield Asset Management Ltd?
A steep rise in short interest was recorded in Brookfield Asset Management Ltd stocks on 2025-03-31, dropping by -2.77 million shares to a total of 10.88 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 13.66 million shares. There was a decline of -25.5%, which implies that there is a negative sentiment for the stock.
