NorthStar Asset Management Group (NSAM) Shares are Up 2.58%

NorthStar Asset Management Group (NSAM) : Traders are bullish on NorthStar Asset Management Group (NSAM) as it has outperformed the S&P 500 by a margin of 0.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.96%, 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 2.58% in the last 1 week, and is up 7.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

NorthStar Asset Management Group (NYSE:NSAM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.55 and $11.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.52, notching a gain of 0.09% for the day. The total traded volume was 1,266,695 . The stock had closed at $11.51 on the previous day.

NorthStar

The stock has recorded a 20-day Moving Average of 7.33% and the 50-Day Moving Average is 1.11%. Northstar Asset Management Group Inc. has dropped 9.97% during the last 3-month period . Year-to-Date the stock performance stands at -3.45%.

Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities, LLC (NorthStar Securities), which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Companys sponsored companies include NorthStar Real Estate Income Trust, Inc. (NorthStar Income); NorthStar Healthcare Income, Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income, Inc. ( NorthStar/RXR New York Metro), and NorthStar Corporate Income, Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver, Colorado; Dallas, Texas; Bethesda, Maryland; London, United Kingdom; Senningerberg, Luxembourg, Los Angeles, California, and Pembroke, Bermuda.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.