Market Movers

Blackstone Inc.’s Stock Price Soars to $169.73, Registering a Robust 6.27% Increase

By October 18, 2024 No Comments

Blackstone Inc. (BX)

169.73 USD +10.02 (+6.27%) Volume: 9.09M

Blackstone Inc.’s stock price has surged to an impressive 169.73 USD, marking a significant trading session increase of +6.27%. With a robust trading volume of 9.09M, the company’s stock performance continues to shine, boasting a year-to-date percentage change of +29.64%, indicating its strong market position and investor confidence.


Latest developments on Blackstone Inc.

Blackstone has been making waves in the financial world with its recent earnings and business moves. The company’s credit arm has become its top business, driving profits and exceeding profit estimates as assets hit record highs. Blackstone’s investments in data centers and real estate have also been significant, with plans to list some of its largest investments. The stock price has been on the rise, hitting record highs as assets under management jump. With a strong Q3 performance and positive earnings reports, Blackstone continues to attract investor interest and confidence in its growth trajectory.


A look at Blackstone Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Blackstone Inc., an investment company with a diverse portfolio including real estate, hedge funds, and private equity, has received a positive long-term outlook based on Smartkarma Smart Scores. With strong momentum and resilience scores, Blackstone is positioned well for future growth and stability in the market.

While Blackstone’s value score may not be the highest, its dividend and growth scores indicate promising returns for investors. The company’s ability to adapt to market conditions and maintain a steady upward momentum bodes well for its overall outlook. Customers worldwide can expect continued success from Blackstone in the years to come.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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