Brookfield Asset Management Inc (NYSE:BAM) has been under a strong bear grip, hence the stock is down -6.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.4% in the past 1 week. The stock has risen by 1.68% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.32% in the past 4 weeks.
The company shares have dropped -2.10% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $35.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $33.91 and the 200 Day Moving Average price is recorded at $31.93.
The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 0.52%.
Brookfield Asset Management Inc (NYSE:BAM): stock turned positive on Friday. Though the stock opened at $33.65, the bulls momentum made the stock top out at $34.11 level for the day. The stock recorded a low of $33.48 and closed the trading day at $33.84, in the green by 1.68%. The total traded volume for the day was 696,088. The stock had closed at $33.28 in the previous days trading.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.