Affiliated Managers Group (NYSE:AMG) : During the past 4 weeks, traders have been relatively bearish on Affiliated Managers Group (NYSE:AMG), hence the stock is down -14.43% 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 -0.99% relative to the S&P 500. The stock has risen by 0.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.05% in the past 4 weeks.
The company shares have dropped -35.87% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $220.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $156.13 and the 200 Day Moving Average price is recorded at $151.78.
The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 13.21%.
Affiliated Managers Group (NYSE:AMG): stock turned positive on Friday. Though the stock opened at $137.42, the bulls momentum made the stock top out at $139.13 level for the day. The stock recorded a low of $136.73 and closed the trading day at $138.85, in the green by 3.34%. The total traded volume for the day was 922,545. The stock had closed at $134.36 in the previous days trading.
In an insider trading activity,The officer (CFO and Treasurer) of Affiliated Managers Group, Inc., Horgen Jay C. sold 22,411 shares at $226.97 on May 1, 2015. The Insider selling transaction had a total value worth of $5,086,625. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional, mutual fund and high net worth. The Companys Institutional Distribution Channel, through its Affiliates, manages assets for large institutional investors across the world, including sovereign wealth funds, foundations, endowments, and retirement plans for corporations and municipalities. As part of the Companys mutual fund distribution channel, the Company, through its Affiliates, provides advisory or sub-advisory services to mutual funds, UCITS and other retail-oriented products. Through the Companys affiliates, it provides advisory services to ultra-high net worth individuals and family trusts.