Shares of Franklin Resources Inc. BEN dropped 0.27% to $29.97 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.53% to 4,163.26 and Dow Jones Industrial Average DJIA falling 0.36% to 34,077.63. This was the stock's second consecutive day of losses. Franklin Resources Inc. closed $1.35 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 Monday, as BlackRock Inc. BLK fell 0.04% to $811.09, IGM Financial Inc. IGIFF rose 0.12% to $32.20, and Affiliated Managers Group Inc. AMG fell 0.37% to $156.92. Trading volume (1.9 M) remained 1.5 million below its 50-day average volume of 3.3 M.