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Franklin Resources Inc Shares Surge Past 200 Day Average

Franklin Resources Inc shares (BEN) are trading up 11% after crossing above their 200-day moving average, indicating positive momentum. This surge may impact investor sentiment and push stock prices higher.

Date: 
AI Rating:   7
Stock Performance

Franklin Resources Inc (BEN) shares have shown a significant increase, trading up about 11% on the day. The crossing above the 200-day moving average of $21.76 is a notable technical indicator, suggesting bullish sentiment among investors.

The 52-week range also highlights volatility in BEN's stock price, with a low of $18.825 and a high of $28.61. Currently trading at $22.12, this positions the stock favorably within its range.

Such performance may attract more investors looking for upward momentum, potentially affecting the stock's price positively.