Franklin Resources, Inc’s recent filing unveils that its Affiliate of Investment Adv FRANKLIN RESOURCES INC unloaded Company’s shares for reported $0.1 million on Dec 16 ’24. In the deal valued at $46.04 per share,2,209 shares were sold. As a result of this transaction, FRANKLIN RESOURCES INC now holds 28,000 shares worth roughly $0.57 million.
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Then, FRANKLIN RESOURCES INC sold 2,610 shares, generating $123,795 in total proceeds. Upon selling the shares at $47.43, the Affiliate of Investment Adv now owns 32,909 shares.
Before that, FRANKLIN RESOURCES INC sold 8,467 shares. Franklin Resources, Inc shares valued at $369,943 were divested by the Affiliate of Investment Adv at a price of $43.69 per share. As a result of the transaction, FRANKLIN RESOURCES INC now holds 51,019 shares, worth roughly $1.05 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 2.60% to $20.49. Over the last five days, the stock has lost -6.74%. Franklin Resources, Inc shares have fallen nearly -31.22% since the year began. Nevertheless, the stocks have fallen -29.88% 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 $21.34, while 200 days put it at $22.67.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 19.98, which if violated will result in even more drops to 19.47. On the upside, there is a resistance level at 20.96. A further resistance level may holdings at 21.42. The Relative Strength Index (RSI) on the 14-day chart is 37.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.48%. Stochastics %K at 5.82% 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 2024-11-29, dropping by -1.31 million shares to a total of 26.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 27.48 million shares. There was a decline of -5.01%, which implies that there is a negative sentiment for the stock.
