KKR stock rises 2.17% and snaps five-day losing streak
Updated
Updated · MarketWatch · May 8
KKR stock rises 2.17% and snaps five-day losing streak
4 articles · Updated · MarketWatch · May 8
Shares closed at $102.52 on Friday as the S&P 500 gained 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
KKR outperformed Blackstone, Morgan Stanley and Goldman Sachs, whose shares also rose in the broader market advance.
The stock remains 33.37% below its 52-week high of $153.87 reached on 29 July, while trading volume of 4.8 million stayed below its 50-day average of 6.8 million.
Why are KKR insiders buying stock when key metrics suggest it is overvalued and exceptionally risky?
Can KKR's pivot to AI and retail investors break its historical vulnerability to severe market shocks?