Blackstone Surges to 114th in Trading Volume with $992 Million Turnover Amid Energy Acquisition Talks

On May 12, 2025, Blackstone (BX) saw a significant increase in trading volume, with a turnover of $992 million, marking a 127.61% rise from the previous day. This surge placed Blackstone at the 114th position in terms of trading volume for the day. The stock price of Blackstone also rose by 6.89%.

Blackstone is currently in discussions to acquire TXNM Energy, the owner of New Mexico's largest utility. This potential acquisition has sparked interest in the market, as it aligns with Blackstone's strategy of investing in infrastructure and energy sectors. The talks come at a time when energy stocks are experiencing a surge, driven by rising oil prices and significant deals within the sector.

Blackstone's infrastructure investing arm is leading the negotiations for the acquisition of TXNM Energy, which focuses on utilities in New Mexico and Texas. This move is part of Blackstone's broader strategy to expand its presence in the energy sector, leveraging its financial strength and expertise in infrastructure investments.

Additionally, Blackstone is involved in a deal to take TaskUs private, which is being financed by the company's co-founders and Blackstone. This deal highlights Blackstone's continued interest in the technology and services sectors, further diversifying its investment portfolio.