Ares Management L.P. (symbol: ARES) was one of the biggest winners of the
trading day today (2017-01-19), gaining 10.56%. The number of shares that
changed hands was 224,339, or about 4.4 times the average daily volume in
the stock.
The closing price was $19.9, amounting to a market cap of $4,260,000,000,
about -0.99% off the highest price in the last 12 months. The stock has
been trading at a range between $10.76 and $20.1.
ARES is in the Investment Managers industry, part of the Finance sector. It
first went public in 2014.
Looking at its valuation, the stock is now trading at 23.03 times earnings.
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