DJ Franklin Resources Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Franklin Resources Inc. $(BEN)$ surged 11.52% to $18.58 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 9.52% to 5,456.90 and the Dow Jones Industrial Average rising 7.87% to 40,608.45.
The stock's rise snapped a four-day losing streak.
Franklin Resources Inc. closed 31.34% short of its 52-week high of $27.06, which the company reached on April 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as BlackRock Inc. $(BLK)$ rose 9.97% to $897.08, Goldman Sachs Group Inc. $(GS)$ rose 11.82% to $516.87, and Bank of New York Mellon Corp. $(BK)$ rose 7.96% to $79.35.
Trading volume (10.6 M) eclipsed its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 9, 2025.
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(END) Dow Jones Newswires
April 09, 2025 17:18 ET (21:18 GMT)
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