The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Franklin Resources, Inc. shares valued at $369,943 were sold by FRANKLIN RESOURCES INC on Oct 16 ’24. At $43.69 per share, FRANKLIN RESOURCES INC sold 8,467 shares. The insider’s holdings dropped to 51,019 shares worth approximately $1.02 million following the completion of this transaction.
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Also, FRANKLIN RESOURCES INC sold 7,900 shares, netting a total of over 345,315 in proceeds. Following the sale of shares at $43.71 each, the insider now holds 36,519 shares.
Before that, FRANKLIN RESOURCES INC had sold 6,600 shares from its account. In a trade valued at $288,328, the Affiliate of Investment Adv traded Franklin Resources, Inc. shares for $43.69 each. Upon closing the transaction, the insider’s holdings decreased to 6,600 shares, worth approximately $0.89 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Franklin Resources, Inc. [BEN] has been an Equal weight and the price target has been revised to $20. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in late August. As of January 08, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for BEN. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for BEN stock.
Analyzing BEN Stock Performance
During the last five days, there has been a drop of approximately -2.19%. Over the course of the year, Franklin Resources, Inc. shares have dropped approximately -32.56%. Nevertheless, trading volume fell to 2.43 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Franklin Resources, Inc. (BEN)
RSI (Relative Strength Index) is 46.84 on the 14-day chart, showing neutral technical sentiment.
