Lazard Ltd. (LAZ) : Traders are bullish on Lazard Ltd. (LAZ) as it has outperformed the S&P 500 by a wide margin of 15.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.53%, 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 6.46% in the last 1 week, and is up 19.45% 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 11.51% and the 50-Day Moving Average is 9.04%. Lazard Ltd. has dropped 0.86% during the last 3-month period . Year-to-Date the stock performance stands at -15.84%.
Lazard Ltd. (NYSE:LAZ): stock turned positive on Friday. Though the stock opened at $34.39, the bulls momentum made the stock top out at $35.83 level for the day. The stock recorded a low of $34.125 and closed the trading day at $35.74, in the green by 3.59%. The total traded volume for the day was 1,101,834. The stock had closed at $34.5 in the previous days trading.
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.