Today's Research: State Street, Legg Mason, Och-Ziff Capital Management Group, and BlackRock Kelso Capital
LONDON, November 27, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
The U.S. equity market ended on a higher note on Tuesday, November 26, 2013. The S&P 500 ended the day at 1,802.75, up 0.01%; the Dow Jones Industrial Average closed flat at 16,072.80; and the NASDAQ Composite finished at 4,017.75, up 0.58%. Shares in asset management companies mostly ended on a lower note, even as the broader market posted gains. The major movers in the industry included State Street Corporation (NYSE: STT), Legg Mason Inc. (NYSE: LM), Och-Ziff Capital Management Group LLC (NYSE: OZM), and BlackRock Kelso Capital Corporation (NASDAQ: BKCC). AAAResearchReports.com has completed their technical analysis on STT, LM, OZM, and BKCC and these free reports are accessible by registering at:
http://www.aaaresearchreports.com/register/
State Street Corp.'s stock edged higher on Tuesday, hitting a new 52-week high of $73.27. The company's shares closed the day at $72.55, up 0.61% from the previous day's price of $72.11. A total of 2.40 million shares were traded, which is at par with the daily average volume. The company's shares have gained 5.54% in the last one month and 4.36% in the previous three months, compared to a gain of 2.44% and 8.81% in the S&P 500 during the respective periods. Furthermore, State Street Corp.'s stock is trading above its 50-day and 200-day moving averages of $68.79 and $64.95, respectively. Sign up for free technical research on STT at:
http://www.AAAResearchReports.com/STT112713.pdf
On Tuesday, Legg Mason Inc.'s stock ended the day at $38.96, which is 0.54% lower than the previous day's closing price of $39.17. The company's shares fluctuated between $38.93 and $39.45 during the trading session. A total of 1.32 million shares were traded, which is above the daily average volume of 1.19 million. Despite Tuesday's losses, the company's shares have gained 2.77% in the last one-month and 16.96% in the previous three months, outperforming the S&P 500, which has gained 2.44% and 8.81% during the respective periods. Additionally, Legg Mason Inc.'s stock is trading above its 50-day and 200-day moving averages of $36.62 and $33.39, respectively. Be sure to read our latest technical research on LM by registering at:
http://www.AAAResearchReports.com/LM112713.pdf
On Tuesday, shares in Och-Ziff Capital Management Group LLC fell by 0.36%, even as the broader market posted gains. The company's shares closed the day at $13.67, after trading between $13.57 and $13.85. A total of 0.75 million shares were traded, which is below the daily average volume of 0.80 million. Despite Tuesday's pullback, the company's shares have gained 8.75% in the last one month and 24.27% in the previous three months, outperforming the S&P 500, which has advanced 2.44% and 8.81% during the respective periods. Further, Och-Ziff Capital Management Group LLC's stock is trading near its 52-week high of $13.89 and above its 50-day and 200-day moving averages of $12.23 and $10.90, respectively. Sign up and read the complimentary report on OZM at:
http://www.AAAResearchReports.com/OZM112713.pdf
Shares in BlackRock Kelso Capital Corp. oscillated between $9.69 and $9.76 before ending Tuesday's session 0.10% lower at $9.72. A total of 0.31 million shares were traded, which is below the daily average volume of 0.49 million. Despite Tuesday's losses, the company's shares have advanced 1.57% in the previous three trading sessions and 0.83% in the last one month, compared to a gain of 0.38% and 2.44% in the S&P 500 during the respective periods. Moreover, BlackRock Kelso Capital Corp.'s stock is trading above its 50-day moving average of $9.49. The free report on BKCC can be downloaded by signing up now at:
http://www.AAAResearchReports.com/BKCC112713.pdf
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE AAA Research Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article