Brookfield Asset Management Inc (BAM) Shares are Up 0.72%

Brookfield Asset Management Inc (BAM) : Traders are bullish on Brookfield Asset Management Inc (BAM) as it has outperformed the S&P 500 by a wide margin of 3.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, 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 0.72% in the last 1 week, and is up 2.48% 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 3.69% and the 50-Day Moving Average is 2.86%.The 200 Day SMA reached 8.52%

Brookfield

Brookfield Asset Management Inc (NYSE:BAM): The stock opened in the green at $35.6 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $35.6 and a low of $35.15 for the day. The stock did not find buyers even at the lows and closed at $35.18 recording a loss of -0.34%. 1,102,285 shares exchanged hands during the trading day. The stock had closed at $35.18 in the previous days trading.

Brookfield Asset Management Inc (BAM) : 4 investment research analysts covering Brookfield Asset Management Inc (BAM) have an average price target of $39.69 for the near short term. The highest target price given by the Brokerage Firm to the stock is $41 and the lowest target is $37 for the short term. Analysts expect the variance to be within $2.01 of the average price.

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.

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