DJ Franklin Resources Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Franklin Resources Inc. $(BEN)$ jumped 10.37% to $22.24 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.50% to 6,040.53 and Dow Jones Industrial Average falling 0.75% to 44,544.66.
This was the stock's second consecutive day of gains.
Franklin Resources Inc. closed 22.26% short of its 52-week high of $28.61, which the company reached on March 12th.
The stock outperformed some of its competitors Friday, as BlackRock Inc. $(BLK)$ rose 0.37% to $1,075.50, Goldman Sachs Group Inc. $(GS)$ fell 0.82% to $640.40, and Bank of New York Mellon Corp. $(BK)$ fell 0.66% to $85.93.
Trading volume (22.4 M) eclipsed its 50-day average volume of 3.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 31, 2025.
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(END) Dow Jones Newswires
January 31, 2025 16:30 ET (21:30 GMT)
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