logo
#

Latest news with #AffiliatedManagers

This Little-Known Stock Keeps Surging to New Highs
This Little-Known Stock Keeps Surging to New Highs

Yahoo

time25-07-2025

  • Automotive
  • Yahoo

This Little-Known Stock Keeps Surging to New Highs

Affiliated Managers Group (AMG) set a new 52-week high on July 24. AMG is showing strong technical momentum and has an 88% technical 'Buy' signal via Barchart. Shares are up 21.6% over the past year and nearly 15% in the year to date. Analyst sentiment is generally bullish but some caution that investors should simply 'Hold' shares here. Today's Featured Stock Valued at $6 billion, Affiliated Managers Group (AMG) is a global asset management company with equity investments in leading boutique investment management firms. AMG's strategy is to generate shareholder value through the growth of existing affiliates, as well as through investments in new affiliates and additional investments in existing affiliates. AMG's affiliates offer many investment products to institutional and retail clients around the world. What I'm Watching: I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. AMG checks those boxes. Since the Trend Seeker signaled a buy on May 7, the stock has gained 20.78%. More News from Barchart This Self-Driving Car Stock Is Surging on a Major Nvidia Boost UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. UNH Stock Falls as UnitedHealth Confirms DOJ Probe. How Should You Play Shares Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. AMG Stock Price vs. Daily Moving Averages Barchart Technical Indicators for Affiliated Managers: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. Affiliated Managers shares hit a new 52-week high on July 24, touching $212.38 in intraday trading. AMG has an 88% technical 'Buy' signal. The stock recently traded at $210.93, above its 50-day moving average of $190.75. Affiliated Managers has a Weighted Alpha of +26.08. The stock has gained 21.6% over the past year. AMG has its Trend Seeker 'Buy' signal intact. Affiliated Managers is trading above its 20, 50 and 100-day moving averages. The stock made 12 new highs and gained 11.4% in the last month. Relative Strength Index is at 67.07%. The technical support level is $209.46. Don't Forget the Fundamentals: $6 billion market capitalization. Revenue is projected to grow 1.06% this year and another 3.91% next year. Earnings are estimated to increase 8.31% this year and increase an additional 12.66% next year. Analyst and Investor Sentiment on Affiliated Managers: I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like Wall Street analysts are bullish, but some major advisory sites are split. The Wall Street analysts tracked by Barchart issued four 'Strong Buy,' two 'Moderate Buy,' and one 'Sell' opinions on the stock. Value Line gives the company its above-average rating. CFRA's Market Scope rates the stock a 'Hold.' Morningstar thinks the stock is fairly valued. 5,230 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' The Bottom Line: Affiliated Managers currently has momentum and is hitting new highs on Wall Street. Plus, analysts project small increases in both revenue and earnings. I caution that AMG is volatile and speculative — use strict risk management and stop-loss strategies. Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store