Kestra Advisory Services and CreativeOne Wealth have collectively acquired over 19,000 shares of Blackstone Inc. (BX). Although the recent Q1 & Q2 2024 earnings did meet estimates, there were concerns about costs rising, resulting in a dip in stock price. Notably however, the Q2 profit surged 909%. The speculation around its upcoming dividends' acquisition appears to be mixed, with some showing hesitancy. Blackstone is also set to expand its equity offering to future workers and is planning to borrow $1 Billion against its own investments. Recently, Blackstone's involvement in various strategic partnerships and acquisitions has been prominent with an investment in 7 Brew, acquiring backup power provider Trystar, and a significant $7 billion data center development joint venture announced with Digital Realty. Despite the fluctuations, the Blackstone stock has been performing well for the past five years.
Blackstone BX News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sun, 28 Jul 2024 18:34:39 GMT - Rating 1 - Innovation 5 - Information 7 - Rumor -4
