Shares of Franklin Resources (BEN) Sees Large Outflow of Money

Franklin Resources (BEN) : The total money flow in Franklin Resources (BEN) was negative ($6.16 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $16.98 million. Transactions on upticks were comparatively lower at $10.82 million. The uptick to downtick ratio was 0.64. The total block trades on downticks were valued at $5.99 million. The money flow during block trades was negative ($5.99 million) when the stock traded with a gain of $7 cent. Franklin Resources (BEN) was $32.6, an increase of 0.22% over the previous days close.


Franklin Resources (BEN) stock is expected to deviate a maximum of $3.99 from the average target price of $34.75 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $28. The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 6.74%.

Franklin Resources (NYSE:BEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.50 and $32.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.60, notching a gain of 0.22% for the day. The total traded volume was 3,317,886 . The stock had closed at $32.53 on the previous day.

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.

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