Brookfield Asset Management (TSE:BAM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$70.16 and traded as high as C$84.84. Brookfield Asset Management shares last traded at C$84.78, with a volume of 1,361,898 shares traded.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a report on Monday, December 16th.

Brookfield Asset Management Trading Up 3.8 %

The stock has a 50 day moving average price of C$80.94 and a two-hundred day moving average price of C$70.16. The company has a market cap of C$99.53 billion and a price-to-earnings ratio of 29.17.

Insider Activity

In related news, Director Justin B. Beber sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total value of C$2,096,630.00. 14.10% of the stock is currently owned by company insiders.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.