Blackstone (BX) had a busy few months with various activities and trends noted. The firm's Q2 earnings missed expectations even as the stock dipped due to rising costs. Despite this, the company's stock price rose possibly due to increased deal-making activities. It was noted that
Blue Zone Wealth Advisors and
Annex Advisory Services LLC made significant share purchases and sales, possibly indicating mixed views on the firm's performance and outlook.
Equity Residential acquired apartment properties from Blackstone in deals amounting to almost $1 billion. Additionally, insiders such as
John G. Finley and
Joseph Baratta sold significant portions of shares. On the investment front, Blackstone made a majority investment in
Westwood Professional Services, Inc., a leading engineering and consulting firm. The firm also reported growth in private credit business outside US and hired key personnel for credit jobs.
Blackstone Life Sciences also announced a collaboration with Moderna’s Influenza Program. Despite hurdles, the firm's stock performance outstripped its underlying earnings growth over the past five years.
Blackstone BX News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Sun, 11 Aug 2024 23:29:45 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -4
