Brookfield Asset Management Inc (BAM) : During the past 4 weeks, traders have been relatively bearish on Brookfield Asset Management Inc (BAM), hence the stock is down -2.99% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.23% relative to the S&P 500. The 4-week change in the price of the stock is -2.62% and the stock has fallen -2.26% in the past 1 week.
Brookfield Asset Management Inc. is up 2.88% in the last 3-month period. Year-to-Date the stock performance stands at 11.05%. The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 0.16%.
Brookfield Asset Management Inc (NYSE:BAM): The stock opened at $34.33 on Friday but the bulls could not build on the opening and the stock topped out at $34.44 for the day. The stock traded down to $34.06 during the day, due to lack of any buying support eventually closed down at $34.19 with a loss of -0.87% for the day. The stock had closed at $34.49 on the previous day. The total traded volume was 858,808 shares.
Also, Keefe Bruyette & Woods initiates coverage on Brookfield Asset Management Inc (NYSE:BAM).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods announces the price target of $41 per share. The rating by the firm was issued on May 24, 2016.
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.