After A 15% Rise Over Five Trading Days, What To Expect From Franklin Resources Stock?

After A 15% Rise Over Five Trading Days, What To Expect From Franklin Resources Stock?

Share to Linkedin Franklin Resources stock (NYSE: BEN) has risen by 14. 6% over the last five trading days. In comparison, the broader S&P500 has declined by less than 1% over the same period. BEN, which provides investment management and related services to investors, released its first-quarter FY2021 results on May 4, beating the consensus estimates of revenues and earnings. It posted revenues of around $2. 08 billion – up 58% y-o-y, primarily driven by higher investment management fees. But will the company continue its upward trajectory over the coming weeks, or is a fall in the stock imminent? According to the Trefis Machine Learning Engine, which identifies trends in a company's stock price using 20 years of historical stock data, returns for Franklin Resources' stock average around -4. 5% in the next one-month (twenty-one trading days) period after experiencing a 14. 6% rise in a week (five trading days). Further, the stock is likely to underperform S&P500 returns by 11% over the next month (twenty-one trading days). But how would these numbers change if you are interested in holding Franklin Resources' stock for a shorter or a longer time period? You can test the answer and many other combinations