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This Wall Streeter Churns With the Market

Why did Blackstone take such a hit today?

By Matt Koppenheffer and David Hanson – Jun 24, 2013 at 5:48PM EST

The following video is from Monday's installment of Where the Money Is, in which Fool analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.

Shares of The Blackstone Group (BX +0.00%) took a 5% hit today. In this segment, Matt talks about a lesser-discussed metric here at the Fool, the beta of a stock, and tells investors that Blackstone's high beta indicates that this stock tends to experience an increased amount of volatility when compared to the broader market.

The relevant video segment can be found between 4:24 and 5:25.

For the full video of today's Where the Money Is, click here.

Read Next

About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Blackstone Group Stock Quote
Blackstone Group
NYSE: BX
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