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Updated · MarketWatch · Apr 29Blackstone Inc. stock drops 1.39% to $119.83 in weak market session
7 articles · Updated · MarketWatch · Apr 29
- Blackstone shares closed 36.96% below their 52-week high of $190.09, reached on September 18th.
- Trading volume was 5.7 million, significantly below the 50-day average of 9.3 million, as broader markets also declined.
- The S&P 500 fell 0.04% and the Dow Jones dropped 0.57%, reflecting widespread market weakness impacting major stocks.
Is Blackstone's stock a historic bargain or a value trap amid the private credit turmoil? Blackstone's profits are soaring, so why is its massive credit fund facing a 'panic'? Could a new rule opening 401(k)s to private equity be Blackstone's ultimate trump card? Will a new €2 billion European green energy deal salvage Blackstone's reputation? As banks retreat, is the 'golden age' of the $1.8 trillion private credit market over?