Do Traders Think Blackstone Inc (BX) Can Keep Climbing Friday?

Blackstone Inc (BX) stock has gained 11.01% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Blackstone Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BX Stock Today?

Blackstone Inc (BX) stock is trading at $119.41 as of 11:57 AM on Friday, May 27, a rise of $1.11, or 0.94% from the previous closing price of $118.30. The stock has traded between $118.54 and $121.39 so far today. Volume today is below average. So far 2,497,739 shares have traded compared to average volume of 5,082,335 shares. To see InvestorsObserver's Sentiment Score for Blackstone Inc click here.

More About Blackstone Inc

Blackstone is one of the world's largest alternative asset managers with $880.9 billion in total asset under management, including $650.0 billion in fee-earning asset under management, at the end of 2021. The company has four core business segments: private equity (24% of fee-earning AUM, and 32% of base management fees, during 2021); real estate (34% and 39%); credit & insurance (30% and 16%); and hedge fund solutions (12% and 13%). While the firm primarily serves institutional investors (87% of AUM), it does serve clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8). Click Here to get the full Stock Report for Blackstone Inc stock.