DJ Franklin Resources Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Franklin Resources Inc. $(BEN)$ slumped 0.57% to $20.77 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.86% to 5,705.45 and Dow Jones Industrial Average falling 0.90% to 41,763.46.
The stock's fall snapped a five-day winning streak.
Franklin Resources Inc. closed $9.55 below its 52-week high ($30.32), which the company achieved on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as BlackRock Inc. $(BLK)$ rose 0.12% to $981.03, Goldman Sachs Group Inc. $(GS)$ fell 1.26% to $517.79, and Bank of New York Mellon Corp. $(BK)$ fell 0.75% to $75.36.
Trading volume (9.8 M) eclipsed its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 31, 2024.
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(END) Dow Jones Newswires
October 31, 2024 17:19 ET (21:19 GMT)
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