ARES-Ares Management Corporation stock has been showing some interesting trends recently. The current price of ARES is 105.4, with a weekly forecast of -3.6% and a monthly forecast of +4.8%.
Stock AI forecasts:
– Weekly forecast: 🔴 -3.6%
– Monthly forecast: 🟢 +4.8%
Recent news for Ares Management Corporation stock and its possible impact on the price:
🔴 Ares Management Co. CEO Michael J. Arougheti sold 22,196 shares of Ares Management stock, which could indicate a lack of confidence in the company’s future performance.
🔴 Ares Management Co. Chairman Antony P. Ressler sold 38,915 shares of Ares Management stock, potentially signaling a bearish outlook on the company’s prospects.
🔴 Ares Management Co. insider David B. Kaplan sold 19,999 shares of the firm’s stock, which may suggest concerns about the company’s growth potential.
🟢 DNB Asset Management AS increased its stake in Ares Management Co., indicating a positive outlook on the company’s future performance.
🔴 Ares Management Co. Chairman Antony P. Ressler sold 15,304 shares of Ares Management stock, possibly hinting at a downward trend in the stock price.
🔴 Ares Management Co. CEO Michael J. Arougheti sold 74,585 shares of the stock, which could impact investor sentiment negatively.
The recent selling of shares by key figures in Ares Management Corporation may have a negative impact on the stock price. The increased stake by DNB Asset Management AS is a positive sign, but it may not be enough to offset the selling pressure from insiders.
Investors should closely monitor the developments in Ares Management Corporation and consider the implications of insider selling on the stock price. The mixed signals from recent news could lead to increased volatility in ARES stock in the coming weeks.
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