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 $7,442 were purchased by JOHNSON CHARLES B on Apr 04 ’25. At $17.72 per share, JOHNSON CHARLES B acquired 420 shares. The insider’s holdings grew to 89,375,487 shares worth approximately $1.66 billion following the completion of this transaction.
Also, JOHNSON CHARLES B sold 420 shares, netting a total of over 7,379 in proceeds. Following the sale of shares at $17.57 each, the insider now holds 89,375,067 shares.
Before that, FRANKLIN RESOURCES INC had sold 9,704 shares from its account. In a trade valued at $456,694, the Affiliate of Investment Adv traded Franklin Resources, Inc shares for $47.06 each. Upon closing the transaction, the insider’s holdings decreased to 9,704 shares, worth approximately $0.0.
As published in a research note from Goldman on January 06, 2025, Franklin Resources, Inc [BEN] has been rated up from a Sell to a Neutral and the price target has been revised to $22 from $21. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid September. As of August 27, 2024, Barclays has initiated its “an Underweight” rating for BEN. Earlier on January 08, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for BEN stock which previously was a “an Underweight”.
Analyzing BEN Stock Performance
During the last five days, there has been a drop of approximately -4.37%. Over the course of the year, Franklin Resources, Inc shares have dropped approximately -8.43%. Shares of the company reached a 52-week high of $22.59 on 01/31/25 and a 52-week low of $16.25 on 04/09/25. A 50-day SMA is recorded $19.84, while a 200-day SMA reached $20.85.
Support And Resistance Levels for Franklin Resources, Inc (BEN)
According to the 24-hour chart, there is a support level at 16.96, which, if violated, would cause prices to drop to 15.35. In the upper region, resistance lies at 19.48. The next price resistance is at 20.39. RSI (Relative Strength Index) is 45.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.52, which suggests the price will decrease in the coming days. Percent R is at 41.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
