Affiliated Managers Group (AMG) reported first quarter cash net income of $0.94 per share Wednesday morning, compared to the $1.50 per share posted last year.
Affiliated Managers Group climbed throughout the first half of Wednesday's session and rose further going into the close. The stock finished up by $10.53 at $55.21 on above average volume. The stock closed at a 6-month high and re-crossed its 200-day moving average.
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