LONDON, October 11, 2013 /PRNewswire/ --
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The U.S. equity market rallied on Thursday, October 10, 2013. The S&P 500 ended the day at 1,692.56, up 2.18%; the Dow Jones Industrial Average closed at 15,126.07, up 2.18%; and the NASDAQ Composite finished at 3,760.75, up 2.26%. Shares in asset management companies advanced as the broader market posted gains. The major movers in the industry included BlackRock Kelso Capital Corporation (NASDAQ: BKCC), State Street Corporation (NYSE: STT), Legg Mason Inc. (NYSE: LM), and Och-Ziff Capital Management Group LLC (NYSE: OZM). AAAResearchReports.com has completed their technical analysis on BKCC, STT, LM, and OZM and these free reports are accessible by registering at:
On Thursday, shares in BlackRock Kelso Capital Corp. edged higher to close at $9.53, up 1.71% from the previous day's closing price of $9.37. The company's shares oscillated between $9.39 and $9.55 during the trading session. A total of 0.62 million shares were traded, which is above the daily average volume of 0.51 million. The company's shares have gained 3.93% in the previous three trading sessions, outperforming the S&P 500 which has advanced 0.98% during the same period. However, BlackRock Kelso Capital Corp.'s stock is trading below its 50-day and 200-day moving averages of $9.83 and $9.97, respectively. Sign up for free technical research on BKCC at:
State Street Corp.'s stock rose 3.60% on Thursday, tracking gains in the broader market. The company's shares closed the day at $67.11, after fluctuating between $65.62 and $67.13. A total of 2.10 million shares were traded, which is below the daily average volume of 2.24 million. The company's shares have advanced 1.76% in the previous three trading sessions, compared to a gain of 0.98% in the S&P 500 during the same period. Further, State Street Corp.'s stock is trading above its 200-day moving average of $62.03. Be sure to read our latest technical research on STT by registering at:
Legg Mason Inc.'s stock edged surged on Thursday, extending the gains from the previous trading session. The company's shares ended the session 4.33% higher at $34.42, after trading between $33.60 and $34.49. A total of 1.69 million shares were traded, which is above the daily average volume of 1.28 million. The company's shares have gained 2.20% in the previous three trading sessions and 9.03% in the last three months, outperforming the S&P 500 which has gained 0.98% and 2.42% during the respective periods. Moreover, Legg Mason Inc.'s stock is trading above its 50-day and 200-day moving averages of $33.69 and $31.54, respectively. Sign up and read the complimentary report on LM at:
Shares in Och-Ziff Capital Management Group LLC posted gains on Thursday, reversing all of the losses from the previous trading session. The company's shares vacillated between $11.67 and $11.98 before finishing the day 1.64% higher at $11.80. A total of 0.74 million shares were traded, which is above the daily average volume of 0.71 million. The company's shares have gained 9.36% in the last one month and 9.16% in the previous three months, compared to gains of 0.51% and 2.42% in the S&P 500 during the respective periods. Furthermore, Och-Ziff Capital Management Group LLC's stock is trading near its 52-week high of $12.15 and above its 50-day and 200-day moving averages of $11.09 and $10.40, respectively. The free report on OZM can be downloaded by signing up now at:
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SOURCE AAA Research Reports