The Blackstone Group L.P. (BX) : Investors lapped up stocks on upticks to the tune of $4.63 million in the Wednesdays trading session. The trading value on downticks was comparatively at $3.13 million and the uptick to downtick ratio of 1.48 indicates continuous buying by the bulls. The net money flow into the stock was $1.51 million. Upticks saw transactions worth $1.26 clearly indicating buying by large investors. The total money flow for block trades stood at $1.26 million, which is a positive for the stock in the long-term. The Blackstone Group L.P. (BX) fell $0.01 during the day at $24.99, a drop of -0.04% over the previous days close. However, for the week, the stock is -3.25%, compared to the previous week.
The Blackstone Group L.P. has lost 4.67% in the last five trading days and dropped 8.99% in the last 4 weeks. The Blackstone Group L.P. is up 2.84% in the last 3-month period. Year-to-Date the stock performance stands at -10.02%.
The Blackstone Group L.P. (BX) : 11 analysts are covering The Blackstone Group L.P. (BX) and their average rating on the stock is 1.86, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. The Blackstone Group L.P. (BX) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
The Blackstone Group L.P. (NYSE:BX): The stock opened at $25.1 and touched an intraday high of $25.18 on Wednesday. During the day, the stock corrected to an intraday low of $24.86, however, the bulls stepped in and pushed the price higher to close in the green at $25.12 with a gain of 0.48% for the day. The total traded volume for the day was 3,493,516. The stock had closed at $25 in the previous trading session.
The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.