Lazard Ltd. (NYSE:LAZ) has been under a strong bear grip, hence the stock is down -9.01% 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 0.78% in the past 1 week. The stock has risen by 2.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.54% in the past 4 weeks.
The company shares have dropped -45.55% 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 $32.63 and the 200 Day Moving Average price is recorded at $35.60.
The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 8.22%.
Lazard Ltd. (NYSE:LAZ): stock turned positive on Friday. Though the stock opened at $30.71, the bulls momentum made the stock top out at $30.89 level for the day. The stock recorded a low of $30.315 and closed the trading day at $30.54, in the green by 0.99%. The total traded volume for the day was 679,662. The stock had closed at $30.24 in the previous days trading.
In an insider trading activity,The officer (Chief Operating Officer) of Lazard Ltd, Stern Alexander F. sold 63,000 shares at $50.8 on March 3, 2015. The Insider selling transaction had a total value worth of $3,200,400. The Insider information was disclosed 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.