Morningstar Shares Gain; Major Holders Raise Concerns Over Key Risk
Morningstar Inc shares climbed Thursday, with the investment-data firm outperforming the broader U.S. market. Investors looked at its recent work on global asset owners and the company’s stronger earnings backdrop. The stock traded 1.9% higher at $180.11 in late post-market action. The SPDR S&P 500 ETF Trust, which tracks the S&P 500, was up 0.6%. About 390,600 Morningstar shares changed hands.