Shares of Lazard Ltd. (NYSE:LAZ) Sees Large Outflow of Money

Shares of Lazard Ltd. (NYSE:LAZ) traded 0.01 points or 0.03% higher at $33.85.The total intraday money flow for the shares came in at a disappointing $(-1.37) million. The total upticks amounted to $2.41 million and the total downticks were approximately $3.78 million, with the up/down ratio of 0.64. On a different note, the shares have seen 1.96% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $1.55 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-1.55) million.


The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 4.7%. The company shares have dropped 41.57% in the past 52 Weeks. On July 23, 2015 The shares registered one year high of $59.82 and one year low was seen on February 11, 2016 at $29.26. The 50-day moving average is $33.94 and the 200 day moving average is recorded at $36.9. S&P 500 has rallied 1.93% during the last 52-weeks.

Lazard Ltd. (NYSE:LAZ): The stock opened at $33.79 on Tuesday but the bulls could not build on the opening and the stock topped out at $34.14 for the day. The stock traded down to $33.22 during the day, due to lack of any buying support eventually closed down at $33.22 with a loss of -1.83% for the day. The stock had closed at $33.84 on the previous day. The total traded volume was 1,039,657 shares.

Currently the company Insiders own 2.2% of Lazard Ltd. shares according to the proxy statements. Institutional Investors own 77.46% of Lazard Ltd. shares. On the companys insider trading activities,The officer (Chief Operating Officer) of Lazard Ltd, Stern Alexander F. sold 63,000 shares at $50.8 on March 3, 2015. The Insider selling transaction had a total value worth of $3,200,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters. The Companys Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.