Shares of Franklin Resources Inc. BEN slipped 5.25% to $29.62 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.33% to 4,141.59 and the Dow Jones Industrial Average DJIA falling 0.20% to 33,677.27. The stock's fall snapped a two-day winning streak. Franklin Resources Inc. closed $1.68 short of its 52-week high ($31.30), which the company reached on April 12th.
The stock underperformed when compared to some of its competitors Tuesday, as BlackRock Inc. BLK fell 0.68% to $802.49, IGM Financial Inc. IGIFF rose 0.17% to $31.78, and Affiliated Managers Group Inc. AMG fell 2.38% to $154.86. Trading volume (5.3 M) eclipsed its 50-day average volume of 3.4 M.