Large Inflow of Money Detected in Lazard Ltd.

Lazard Ltd. (LAZ) : Investors lapped up stocks on upticks to the tune of $13.37 million in the Wednesdays trading session. The trading value on downticks was comparatively at $7.06 million and the uptick to downtick ratio of 1.89 indicates continuous buying by the bulls. The net money flow into the stock was $6.31 million. Upticks saw transactions worth $5.89 clearly indicating buying by large investors. The total money flow for block trades stood at $5.89 million, which is a positive for the stock in the long-term. Lazard Ltd. (LAZ) fell $0.08 during the day at $32.87, a drop of -0.24% over the previous days close. However, for the week, the stock is 0.31%, compared to the previous week.


Also, In the latest statement by the brokerage house, Nomura maintains its outlook on Lazard Ltd. (NYSE:LAZ). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $52 per share to $49 per share. The rating by the firm was issued on April 22, 2016.

Lazard Ltd. (NYSE:LAZ): The stock opened at $33.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $33.55 for the day. The stock traded down to $32.46 during the day, due to lack of any buying support eventually closed down at $32.87 with a loss of -0.24% for the day. The stock had closed at $32.95 on the previous day. The total traded volume was 1,473,923 shares.

The stock has recorded a 20-day Moving Average of 5.37% and the 50-Day Moving Average is 0.23%. In a related news, Stern Alexander F., officer (Chief Operating Officer) of Lazard Ltd, unloaded 63,000 shares at an average price of $50.8 on March 3, 2015. The total amount of the transaction was worth $3,200,400, according to the disclosed information 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.

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