In a filing, Franklin Resources, Inc. revealed its President and CEO JOHNSON JENNIFER M acquired Company’s shares for reported $0.4 million on Aug 23 ’24. In the deal valued at $20.95 per share,18,900 shares were bought. As a result of this transaction, JOHNSON JENNIFER M now holds 216,900 shares worth roughly $4.5 million.
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Then, JOHNSON CHARLES B bought 200,000 shares, generating $4,559,040 in total proceeds. Upon buying the shares at $22.80, the 10% Owner now owns 88,703,192 shares.
Before that, JOHNSON CHARLES B bought 100,000 shares. Franklin Resources, Inc. shares valued at $2,229,000 were divested by the 10% Owner at a price of $22.29 per share. As a result of the transaction, JOHNSON CHARLES B now holds 88,503,192 shares, worth roughly $1.84 billion.
Wells Fargo upgraded its Franklin Resources, Inc. [BEN] rating to an Equal weight from a an Underweight in a research note published on January 08, 2024; the price target was increased to $30 from $24. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Wells Fargo started covering the stock on December 15, 2022. It rated BEN as “an Underweight”.
Price Performance Review of BEN
On Monday, Franklin Resources, Inc. [NYSE:BEN] saw its stock fall -0.96% to $20.74. Over the last five days, the stock has lost -8.75%. Franklin Resources, Inc. shares have fallen nearly -30.38% since the year began. Nevertheless, the stocks have fallen -19.02% over the past one year. While a 52-week high of $30.32 was reached on 01/09/24, a 52-week low of $19.60 was recorded on 08/21/24. SMA at 50 days reached $22.42, while 200 days put it at $25.17.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 20.46, which if violated will result in even more drops to 20.18. On the upside, there is a resistance level at 21.08. A further resistance level may holdings at 21.42. The Relative Strength Index (RSI) on the 14-day chart is 40.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.91%. Stochastics %K at 36.53% indicates the stock is a holding.
How much short interest is there in Franklin Resources, Inc.?
A steep rise in short interest was recorded in Franklin Resources, Inc. stocks on 2024-07-31, growing by 3.4 million shares to a total of 21.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 18.41 million shares. There was a rise of 15.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 19, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
