Biggest Private Equity Firms’ Stocks Are Starting to Break Out
ByThe three largest U.S. private equity firms by market value are starting to break out after years of languishing stock price returns.
Apollo Global Management LLC’s stock sits about a dollar shy of its all-time high closing price of $36.78. KKR & Co. blasted past its prior high on July 3 following news that it had completed a conversion to a C-Corp. KKR currently trades at $27.45 a share as of 2:38 pm in New York.
Blackstone Group LP is the biggest of them all. Stephen Schwarzman’s firm’s shares have closed above $35, long an overhead resistance point, since July 11. Blackstone’s all-time high of $43.12 was set in May 2015 during a seven-month stretch in which the company traded above the $35 mark…
Biggest Private Equity Firms’ Stocks Are Starting to Break Out
