Affiliated Managers (AMG) Surges 3.6%: Is This an Indication of Further Gains?

Affiliated Managers Group (AMG) shares soared 3.6% in the last trading session to close at $160.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.1% loss over the past four weeks.After three trading sessions of ending the red, the shares of Affiliated Managers rallied yesterday. As the stock market volatility is driving investors toward safe havens, the inflows are expected to rise across the asset management industry. As a ...