Shares of Franklin Resources Inc. BEN advanced 1.89% to $31.26 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.02% to 4,127.99 and Dow Jones Industrial Average DJIA falling 0.16% to 33,745.40. This was the stock's second consecutive day of gains. Franklin Resources Inc. hit a new 52-week high, surpassing its previous peak of $30.73, which the company reached on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as BlackRock Inc. BLK fell 0.05% to $807.98, IGM Financial Inc. IGIFF rose 1.08% to $31.72, and Affiliated Managers Group Inc. AMG rose 1.93% to $158.63. Trading volume (3.0 M) remained 488,976 below its 50-day average volume of 3.5 M.