Calamos Asset Management (CLMS) Drops 8%

Shares of Calamos Asset Management Inc CLMS closed Monday trading down 7.89% at $10.98 per share. Volume of 163,771 shares was slightly higher than the daily average volume of 152,355 shares. The day's trading range for shares of Calamos Asset Management Inc was between $10.98 and $11.56 per share. Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham downgraded shares of Calamos Asset Management Inc to a Sell rating and lowered the price target to $11 per share, down from the previous price target of $13.50. They said that market volatility, combined with its heavy retail exposure, were likely to pressure near-term flows.