Legg Mason (LM) : Traders are bullish on Legg Mason (LM) as it has outperformed the S&P 500 by a wide margin of 12.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.18%, 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 3.11% in the last 1 week, and is up 16.52% 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 8.34% and the 50-Day Moving Average is 7.17%. Legg Mason Inc. is up 7.01% in the last 3-month period. Year-to-Date the stock performance stands at -11.88%.
Legg Mason (NYSE:LM): stock turned positive on Friday. Though the stock opened at $33.53, the bulls momentum made the stock top out at $34.265 level for the day. The stock recorded a low of $33.5 and closed the trading day at $34.14, in the green by 1.55%. The total traded volume for the day was 1,123,594. The stock had closed at $33.62 in the previous days trading.
Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.