The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $214.16 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 $3.5 million.
As published in a research note from Oppenheimer on April 16, 2025, Ares Management Corp [ARES] has been rated up from a Perform to an Outperform and the price target has been revised to $159. Analysts at Citizens JMP upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in early April. Earlier on December 20, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for ARES stock which previously was a “a Mkt perform”.
Analyzing ARES Stock Performance
During the last five days, there has been a surge of approximately 9.58%. Over the course of the year, Ares Management Corp shares have dropped approximately -13.59%. Shares of the company reached a 52-week high of $200.49 on 02/04/25 and a 52-week low of $110.63 on 04/07/25. A 50-day SMA is recorded $152.65, while a 200-day SMA reached $161.22.
Support And Resistance Levels for Ares Management Corp (ARES)
According to the 24-hour chart, there is a support level at 147.44, which, if violated, would cause prices to drop to 141.92. In the upper region, resistance lies at 156.21. The next price resistance is at 159.45. RSI (Relative Strength Index) is 56.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.73, which suggests the price will increase in the coming days. Percent R is at 2.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
