Blackstone Group - Stock Review!
The Blackstone Group L.P. (BX) had a active trading with around 3.63M shares changing hands compared to its three month average trading volume of 3.52M. The stock traded between $23.34 and $23.73 before closing at the price of $23.52 with -0.68% change on the day. The New York New York 10154 based company is currently trading 10.41% above its 52 week low of $22.31 and -29.03% below its 52 week high of $34.71. Both the RSI indicator and target price of and $32.15 respectively, lead us to believe that it could rise over the coming weeks.
The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors. The firm manages separate client focused portfolios for its clients. It launches fixed income mutual funds. The firm also launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The Blackstone Group L.P. was founded in 1985 and is based in New York, New York with additional offices in London, United Kingdom, Hong Kong, Beijing, China, Dubai, UAE, Dusseldorf, Germany, Los Angeles, Santa Monica, Mexico City, Mexico, Paris, France, Sao Paulo, Brazil, Seoul, Korea, Shanghai, China, Singapore, Sydney, Australia, and Tokyo, Japan.
The views expressed do not necessarily reflect the opinion of Argosy Securities Inc. This does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. Please consult a professional before making an investment decision.