Brookfield Asset Management (TSE:BAM) Shares Pass Above 200-Day Moving Average - Here's What Happened

Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$76.26 and traded as high as C$78.10. Brookfield Asset Management shares last traded at C$77.33, with a volume of 1,243,874 shares traded.

Wall Street Analyst Weigh In

BAM has been the subject of several research reports. UBS Group cut their price target on Brookfield Asset Management from C$96.00 to C$90.00 in a research note on Thursday, May 1st. Royal Bank Of Canada set a C$68.00 target price on shares of Brookfield Asset Management and gave the company an "outperform" rating in a research note on Monday, March 17th.

Brookfield Asset Management Trading Up 1.7%

The firm's 50 day moving average is C$77.40 and its two-hundred day moving average is C$76.18. The stock has a market cap of C$91.68 billion and a price-to-earnings ratio of 26.87.

Insiders Place Their Bets

In related news, Director Nicholas Howard Goodman sold 4,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$79.05, for a total value of C$355,721.85. Insiders own 14.10% of the company's stock.

Brookfield Asset Management Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.