DJ Franklin Resources Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Franklin Resources Inc. $(BEN)$ inched 0.37% higher to $21.72 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.53% to 5,948.71 and the Dow Jones Industrial Average rising 1.06% to 43,870.35.
This was the stock's second consecutive day of gains.
Franklin Resources Inc. closed $8.60 short of its 52-week high ($30.32), which the company reached on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as BlackRock Inc. $(BLK)$ rose 0.32% to $1,028.00, Goldman Sachs Group Inc. $(GS)$ rose 2.44% to $596.11, and Bank of New York Mellon Corp. $(BK)$ rose 1.30% to $78.88.
Trading volume (2.5 M) remained 1.7 million below its 50-day average volume of 4.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2024.
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(END) Dow Jones Newswires
November 21, 2024 17:18 ET (22:18 GMT)
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