Legg Mason (LM) Shares are Down -1.3%

Legg Mason (LM) : During the past 4 weeks, traders have been relatively bearish on Legg Mason (LM), hence the stock is down -3.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.46% relative to the S&P 500. The 4-week change in the price of the stock is -3.74% and the stock has fallen -1.3% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 1.32%.The 200 Day SMA reached 2.69%


Legg Mason (NYSE:LM): After opening at $33.4, the stock dipped to an intraday low of $33.03 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.68 and the buying power remained strong till the end. The stock closed at $33.48 for the day, a gain of 1.58% for the day session. The total traded volume was 944,717. The stocks close on the previous trading day was $33.48.

Legg Mason (LM) : The most positive equity analysts on Legg Mason (LM) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $39 with an expected fluctuation of $3.52 from the mean.

Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.

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