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Athene Holding Ltd. (ATH - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $37.43 to $42.06 in the past one-month time frame.
The upmove came following reports that leading global alternative investment manager, Apollo Global Management, is buying 18% incremental stake in Athene at a premium to strengthen strategic relationship and boost alignment.
The company has seen a mixed track record when it comes to estimate revision of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Athene currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Is ATH going up? Or down? Predict to see what others think:Up or Down
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Athene (ATH) Catches Eye: Stock Jumps 5.5%
Athene Holding Ltd. (ATH - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $37.43 to $42.06 in the past one-month time frame.
The upmove came following reports that leading global alternative investment manager, Apollo Global Management, is buying 18% incremental stake in Athene at a premium to strengthen strategic relationship and boost alignment.
The company has seen a mixed track record when it comes to estimate revision of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Athene currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Athene Holding Ltd. Price
Athene Holding Ltd. price | Athene Holding Ltd. Quote
Investors interested in the Insurance - Life Insurance industry may consider Manulife Financial Corp MFC, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is ATH going up? Or down? Predict to see what others think:Up or Down
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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