The market has been high on Affiliated Managers Group, Inc. (AMG) stock recently. AMG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Affiliated Managers Group, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMG!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With AMG Stock Today?
Affiliated Managers Group, Inc. (AMG) stock is trading at $129.45 as of 1:40 PM on Tuesday, Aug 2, a loss of -$0.42, or -0.32% from the previous closing price of $129.87. Volume today is above average. So far 358,572 shares have traded compared to average volume of 242,193 shares. The stock has traded between $128.20 and $131.18 so far today.
More About Affiliated Managers Group, Inc.
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of March 2022, AMG's affiliate network--which includes firms like AQR Capital Management, BPEA and Pantheon in alternative assets and other products (which accounted for 32% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (32%) and Frontier, River Road, Parnassus and Yacktman in U.S. equities (20%)--had $776.7 billion in managed assets.
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