Shares of Franklin Resources (BEN) Sees Large Inflow of Net Money Flow

Franklin Resources (BEN) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $2.21 million worth of transactions were on upticks, whereas, the downticks accounted for $1.21 million worth of transactions. The net money flow was a positive $1 million and the uptick to downtick ratio was 1.83. The net money flow into the stock was $1.41 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.41 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Franklin Resources (BEN) was trading at $34.69, down $0.01 during day. The stock slid -0.01% over the previous days close. For the week, the stock recorded 2.07% over the previous weeks close.


Franklin Resources, Inc. has dropped 11.23% during the last 3-month period . Year-to-Date the stock performance stands at -3.96%. Shares of Franklin Resources, Inc. rose by 3.06% in the last five trading days and 6.49% for the last 4 weeks. In a related news, Johnson Jennifer M, officer (Co-President) of Franklin Resources Inc, executed a transaction worth $7,505 on December 22, 2015. A total of 210 shares were purchased at an average price of $35.74. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Franklin Resources (NYSE:BEN): stock turned positive on Monday. Though the stock opened at $34.84, the bulls momentum made the stock top out at $35.04 level for the day. The stock recorded a low of $34.65 and closed the trading day at $34.99, in the green by 0.86%. The total traded volume for the day was 1,738,347. The stock had closed at $34.69 in the previous days trading.

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.