Legg Mason (NYSE:LM) has been under a strong bear grip, hence the stock is down -8.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.45% in the past 1 week. The stock has risen by 1.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.28% in the past 4 weeks.
The company shares have dropped -39.61% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $52.57 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.66 and the 200 Day Moving Average price is recorded at $32.18.
The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 5.57%.
Legg Mason (NYSE:LM): stock turned positive on Friday. Though the stock opened at $29.47, the bulls momentum made the stock top out at $29.94 level for the day. The stock recorded a low of $29.43 and closed the trading day at $29.81, in the green by 3.40%. The total traded volume for the day was 1,233,978. The stock had closed at $28.83 in the previous days trading.
In an insider trading activity, Davidson Carol Anthony, director of Legg Mason, Inc., had purchased 3,000 shares on June 6, 2016. The total value of the transaction was $101,760. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.