Large Inflow of Money Detected in Franklin Resources

Franklin Resources (BEN) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $3.87 million worth of transactions were on upticks, whereas, the downticks accounted for $2.38 million worth of transactions. The net money flow was a positive $1.49 million and the uptick to downtick ratio was 1.62. The net money flow into the stock was $1.94 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.94 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Franklin Resources (BEN) was trading at $34.4, down $0.18 during day. The stock slid -0.52% over the previous days close. For the week, the stock recorded -0.84% over the previous weeks close.


Also, Jefferies maintains its rating on Franklin Resources (NYSE:BEN). The global brokerage major lowers the current price target from $38 per share to $34 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on July 11, 2016.

Franklin Resources (NYSE:BEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.87 and $34.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.12, notching a gain of 1.56% for the day. The total traded volume was 3,778,753 . The stock had closed at $34.58 on the previous day.

The stock has recorded a 20-day Moving Average of 5.25% and the 50-Day Moving Average is 2.05%. In a related news, Johnson Jennifer M, officer (Co-President) of Franklin Resources Inc, executed a transaction worth $7,505 on December 22, 2015. A total of 210 shares were purchased at an average price of $35.74. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

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