Franklin Resources (BEN) is facing notable ups and downs. The company had to close a $2 billion fund and consequently placed its Co-CIO on leave, which led to a temporary decline in the share prices. The situation further worsened when the Schall Law Firm invited investors to join a securities fraud investigation against the firm. Amid these challenges, certain positives stand to notice. The company's stock outperformed competitors on a strong trading day, thanks in part to a strong financial performance driving growth. Furthermore, Franklin Resources's shares were significantly bought by several major firms, such as Lecap Asset Management Ltd and West Oak Capital LLC. Moreover, franklin recently announced month-end assets under management and experienced a short interest increase of 6.2% in September. On a positive note, Franklin managed to leverage strategic acquisitions for growth and stability and is being seen as a good 52-week low stock to buy now according to short sellers. The Securities and Exchange Commission (SEC) has initiated a probe causing a decline in the stock price, while it also faces a lawsuit investigation from Bronstein, Gewirtz and Grossman, LLC.
Franklin Resources BEN News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Fri, 25 Oct 2024 14:02:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor 2
