Why AssetMark Financial Stock Surged 14.6% Higher This Week
The share price of AssetMark Financial Holdings (NYSE: AMK) was up 14.6% this week from last Friday's close as of 1 p.m. ET today, according to data provided by S&P Global Market Intelligence. It had gone up as much as 17.4% during the week. The stock price is down about 10.2% year to date to $23.54 per share as of 1 p.m. ET
It outperformed the major indexes, as the Dow Jones Industrial Average was down 2.6%, the S&P 500 was off 4.7%, and the Nasdaq had dropped 7.1% this week as of 1 p.m. ET on Friday.
AssetMark Financial offers a turnkey asset management program, or TAMP, which allows its customers, primarily financial advisors, to outsource certain investment management functions and services through its automated platform.
Source Fool.com
