Shares of Franklin Resources Inc. BEN advanced 1.78% to $30.29 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.11% to 4,170.42 and the Dow Jones Industrial Average DJIA rising 0.90% to 34,035.99. This was the stock's second consecutive day of gains. Franklin Resources Inc. closed $1.03 short of its 52-week high ($31.32), which the company reached on April 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as BlackRock Inc. BLK rose 2.09% to $817.84, IGM Financial Inc. IGIFF rose 1.49% to $31.99, and Affiliated Managers Group Inc. AMG rose 0.66% to $157.81. Trading volume (3.1 M) remained 284,640 below its 50-day average volume of 3.4 M.