GCM Grosvenor Inc. (GCMG) has seen a positive movement in its stock price following an upgrade from Piper Sandler. The investment firm upgraded GCM Grosvenor's rating, citing improved financial performance and strategic initiatives that are expected to enhance shareholder value. This upgrade reflects increased confidence in the company's future prospects and has likely contributed to the stock's upward momentum.
GCM Grosvenor's stock is currently trading at $11.85, marking a 0.85% increase from its previous close of $11.75.