Lazard Ltd. (LAZ) Shares are Up 3.2%

Lazard Ltd. (LAZ) : Traders are bullish on Lazard Ltd. (LAZ) as it has outperformed the S&P 500 by a wide margin of 7.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.2% in the last 1 week, and is up 8.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.82% and the 50-Day Moving Average is 9.03%. Lazard Ltd. (NYSE:LAZ): stock turned positive on Friday. Though the stock opened at $35.09, the bulls momentum made the stock top out at $35.75 level for the day. The stock recorded a low of $35.04 and closed the trading day at $35.45, in the green by 0.51%. The total traded volume for the day was 497,265. The stock had closed at $35.27 in the previous days trading.


The company Insiders own 2.2% of Lazard Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -57.99% . Institutional Investors own 75.15% of Lazard Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -57.99%. Also, In a research note released to the investors, Nomura maintains its rating on Lazard Ltd. (NYSE:LAZ).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura raises the new price target from $46 per share to $49 per share. The rating by the firm was issued on July 29, 2016.

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.

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