New Lifetime High For Blackstone Group (BX)

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Trade-Ideas LLC identified Blackstone Group ( BX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Blackstone Group as such a stock due to the following factors:

  • BX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $218.2 million.
  • BX has traded 194,387 shares today.
  • BX is trading at a new lifetime high.

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More details on BX:

The Blackstone Group L.P. is a publicly owned investment manager. 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. The stock currently has a dividend yield of 6.5%. BX has a PE ratio of 15.9. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Blackstone Group has been 4.4 million shares per day over the past 30 days. Blackstone Group has a market cap of $24.7 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.27 and a short float of 2.4% with 2.40 days to cover. Shares are up 23.4% year-to-date as of the close of trading on Friday.

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