Lazard Ltd. (NYSE:LAZ) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.34 million worth of transactions were on upticks, whereas, the downticks accounted for $3.98 million worth of transactions. The net money flow was a positive $1.36 million and the uptick to downtick ratio was 1.34. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.53 in their favor. The net money flow into the stock was $0.92 million. The value of block trades done on downticks was only $0.6 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.51 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Lazard Ltd. (NYSE:LAZ) was trading at $28, down $0.11 during day. The stock slid -0.39% over the previous days close. For the week, the stock recorded -10.29% over the previous weeks close.
In an insider trading activity, The officer (Chief Operating Officer), of Lazard Ltd, Stern Alexander F. had unloaded 63,000 shares at $50.8 per share in a transaction on March 3, 2015. The total value of transaction was $3,200,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. 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.
The company shares have dropped -50.10% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $59.82 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $33.44 and the 200 Day Moving Average price is recorded at $36.31. Lazard Ltd. (NYSE:LAZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.53 and $27.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.53, notching a gain of 5.05% for the day. The total traded volume was 2,091,391 . The stock had closed at $28.11 on the previous day.
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.