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Why is Affiliated Managers Group Inc (AMG) Stock down?

We've noticed a 8.64% decline in Affiliated Managers Group Inc (AMG) stock during the 2024-11-04 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Jul, 2023:

Affiliated Managers Group (AMG) stock fell by as much as 12.38% due to mixed second-quarter earnings, with higher earnings per share but lower revenue. However, the steep decline might be an overreaction, considering AMG's well-diversified portfolio and solid roster of boutique asset management partners.

https://www.fool.com/investing/2023/07/26/why-affiliated-managers-group-stock-was-down-today/

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