Franklin Resources, Inc.’s recently made public that its 10% Owner JOHNSON CHARLES B acquired Company’s shares for reported $1.91 million on Sep 11 ’24. In the deal valued at $19.08 per share,100,000 shares were bought. As a result of this transaction, JOHNSON CHARLES B now holds 89,308,192 shares worth roughly $1.78 billion.
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Then, JOHNSON CHARLES B bought 100,000 shares, generating $1,984,200 in total proceeds. Upon buying the shares at $19.84, the 10% Owner now owns 89,208,192 shares.
Before that, JOHNSON JENNIFER M bought 12,700 shares. Franklin Resources, Inc. shares valued at $249,738 were divested by the President and CEO at a price of $19.66 per share. As a result of the transaction, JOHNSON JENNIFER M now holds 2,637,700 shares, worth roughly $52.49 million.
Wells Fargo initiated its Franklin Resources, Inc. [BEN] rating to an Equal weight in a research note published on September 12, 2024; the price target was $20. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Underweight”‘ rating. Wells Fargo also remained covering BEN and has increased its forecast on January 08, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. TD Cowen started covering the stock on January 04, 2024. It rated BEN as “a Market perform”.
Price Performance Review of BEN
On Friday, Franklin Resources, Inc. [NYSE:BEN] saw its stock jump 1.69% to $19.90. Over the last five days, the stock has lost -4.28%. Franklin Resources, Inc. shares have fallen nearly -33.20% since the year began. Nevertheless, the stocks have fallen -16.14% over the past one year. While a 52-week high of $30.32 was reached on 01/09/24, a 52-week low of $18.94 was recorded on 09/11/24. SMA at 50 days reached $20.90, while 200 days put it at $24.47.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 19.63, which if violated will result in even more drops to 19.36. On the upside, there is a resistance level at 20.05. A further resistance level may holdings at 20.20. The Relative Strength Index (RSI) on the 14-day chart is 43.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.99%. Stochastics %K at 17.09% indicates the stock is a buying.
How much short interest is there in Franklin Resources, Inc.?
A steep rise in short interest was recorded in Franklin Resources, Inc. stocks on 2024-09-13, growing by 4.27 million shares to a total of 27.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 23.48 million shares. There was a rise of 15.4%, which implies that there is a positive sentiment for the stock.
