Shares of Brookfield Asset Management Ltd. Cl A BAM dropped 5.61% to C$75.15 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.22% to 24,767.73.

Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Brookfield Asset Management (BAM) announced it has received the requisite approval for the renewal of its normal course issuer bid providing the option to purchase up to 37,123,295 Class A Limited Voting Shares,

Brookfield Asset Management (BAM) (BAM:CA) announced on Thursday the renewal of a normal course issuer bid to purchase up to 37.12M class A limited voting shares.

Brookfield Asset Management Ltd. Cl A closed C$4.55 below its 52-week high of C$84.17, which the company achieved on December 11th.