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0 0.000217485863418834 -0.000217485863418989 0.000869943453675492 0.000869943453675492 0.000869943453675492 0.000869943453675492 0.000869943453675492
Stock impact report

Why Insteel (IIIN) Stock Is Trading Up Today [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of steel wire manufacturer Insteel (NYSE:IIIN) jumped 2.9% in the afternoon session after Franklin Resources Inc. disclosed it had significantly increased its ownership stake in the company. According to a regulatory filing, the investment firm grew its holdings by 632.0% in the second quarter, buying an additional 75,734 shares of the industrial products company. Following the purchase, Franklin Resources Inc. held 87,717 shares, representing about 0.45% of Insteel Industries. Such a large buy from a major institutional investor often signals strong confidence in a company's future prospects, which can encourage other investors and lead to a higher stock price. Show less Read more
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