DJ Franklin Resources Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Franklin Resources Inc. $(BEN)$ slid 1.48% to $19.93 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
This was the stock's sixth consecutive day of losses.
Franklin Resources Inc. closed 30.34% short of its 52-week high of $28.61, which the company reached on March 12th.
The stock underperformed when compared to some of its competitors Wednesday, as BlackRock Inc. $(BLK)$ fell 0.44% to $953.77, Goldman Sachs Group Inc. $(GS)$ rose 0.47% to $617.77, and Bank of New York Mellon Corp. $(BK)$ fell 0.47% to $86.34.
Trading volume (2.9 M) remained 1.3 million below its 50-day average volume of 4.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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(END) Dow Jones Newswires
February 26, 2025 17:20 ET (22:20 GMT)
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