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Ares Management (ARES) in Focus: Stock Moves 6.7% Higher

Ares Management, L.P.ARES was a big mover last session, as the partnership saw its units rise almost 7% on the day. The more came on solid volume with far more units changing hands than in a normal trading session. This continues the recent uptrend for the partnership since Jul 14, as the stock is now up 10%.

In the last 30 days, the partnership has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Ares Management currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.

ARES MANAGEMENT Price

ARES MANAGEMENT Price | ARES MANAGEMENT Quote

A better-ranked Finance-Investment Management stock is Monroe Capital Corporation MRCC , which sports a Zacks Rank #1 (Strong Buy).

Is ARES going up? Or down? Predict to see what others think: Up or Down

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ARES MANAGEMENT (ARES): Free Stock Analysis Report

MONROE CAPITAL (MRCC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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