Affiliated Managers Group (AMG) : The total negative money flow of $6.89 million on Thursday indicates selling on strength. The inflow of money on upticks was $16.71 million, compared to $23.6 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.71. The negative money flow of $4.18 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.18 million. The price action in the Affiliated Managers Group (AMG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $144.23 with a gain of $1.31 , a change of 0.92% over the previous days close. The stock registered 3.87% for the week.
The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 8.36%. Shares have dropped -35.35% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $220.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $155.38 and the 200 Day Moving Average price is recorded at $151.57.
Affiliated Managers Group (NYSE:AMG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $146.80 and $144.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $147.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $144.23, notching a gain of 0.92% for the day. The total traded volume was 553,371 . The stock had closed at $142.92 on the previous day.
In an insider trading activity,The officer (CFO and Treasurer) of Affiliated Managers Group, Inc., Horgen Jay C. sold 22,411 shares at $226.97 on May 1, 2015. The Insider selling transaction had a total value worth of $5,086,625. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional, mutual fund and high net worth. The Companys Institutional Distribution Channel, through its Affiliates, manages assets for large institutional investors across the world, including sovereign wealth funds, foundations, endowments, and retirement plans for corporations and municipalities. As part of the Companys mutual fund distribution channel, the Company, through its Affiliates, provides advisory or sub-advisory services to mutual funds, UCITS and other retail-oriented products. Through the Companys affiliates, it provides advisory services to ultra-high net worth individuals and family trusts.